RE: [SQL-Ledger-users] Tax summary

[Dieter S. <dsi...@sq...>]

Adrian,

create seperate GST accounts and record the GST when you make a sale in
GST1 and make a GL entry from GST1 to GST2 when you get paid.

If you need to keep sales/income amounts and expenses seperate then create
seperate accounts for them too.

I allowed for two levels of tax for parts and two levels of tax for
services plus a general tax exclusion for sales to tax excempt customers.
This covers most everything in Canada, and as far as I know in the US. For
SQL-Ledger to work in Europe you'll have to do come up with some
workarounds. The folks down under are closest to our Canadian tax system,
albeit as we see now do have some peculiarities of their own.

There are some changes in the works which will make SQL-Ledger easier 
to adapt to different tax systems. These include taxes per item, any
number of taxes rather than the two levels now and tax included or not.


Dieter Simader    http://www.sql-ledger.org   (780) 472-8161
DWS Systems Inc.     Accounting Software       Fax: 478-5281
=========== On a clear disk you can seek forever ===========

On Thu, 8 Mar 2001, Leo Masciuch wrote:

> I suspect that to do GST/VAT on a cash basis and the rest
> of the books on an accrual basis, you'd have to develop
> the tax handling routines separately.  The only accounting
> package that I've seen attempt the is QuickBooks and their
> solution for cash accounting uses proportions applied to
> accrual accounting.
> 
> I wonder if Dieter anticipated the nuances that would 
> arise for each country's implementation of sales tax.  I
> spent a number of years in the USA and it is a matter of
> each municipality's implementation of sales tax.
> 
> Regards,
> Leo R Masciuch, M.B.A., P.Eng.
> Netryst Corp.
> 5051 Vantage Cres NW
> Calgary, AB  T3A 1X6
> Canada
> Tel: +1-403-202-5039
> Fax: +1-403-202-5038
> Le...@Ne...