Re: Taxsystems

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

All you need is to setup an account for 7% and 19%.

When you enter your products and services indicate at which level the item
is taxable. (7%, 19% or leave unchecked for 0%)

Finally, you flag your customers and vendors taxable at whatever rate
applicable. This may be 7% and 19%, 7% or 19% or no tax.


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 Mon, 2 Jul 2001, AJ Hettema wrote:

> hi people,
> 
> I've been wondering how sql-ledger handles the taxes. I can't figure out how 
> salestaxes are being calculated and being moved from and to an account. Can 
> anyone perhaps give me a schematic overview on how sql-ledger handles this??? 
> It would make a big difference if I can map the taxsystem of sql-ledger to the 
> Dutch tax-system. THis taxsystem isn't that hard to understand, but I really 
> can't get a grip on the taxsystem sql-ledger is based on.
> 
> This is how the Dutch Taxsystem works:
> 
> There are 3 different percentages of salestax, 0%, 7% and 19%.
> The government decide's what salestax is used for a product, so you can't 
> change that, and it's nationwide.
> 
> A company buys a product with a certain salestaxrange. The netprice of the 
> product is for instance 100% + 19% = 119%.
> The price for the inventory is the 100% number. WHen the company sells the 
> product to the customer, the price of the product is the total of 2 values. 
> (inventory-price + profit) + 19% salestax on the sum of these 2 is the 
> netprice for the product.
> THe company can get the salestaxes paid to vendors back from the government, 
> but it has to pay the government the salestaxes it receives from it's 
> customers.
> 
> I have tried to figure out how sql-ledger handles the GST + PST + Taxable and 
> more of these features, but I have to little knowledge to get the job done. Is 
> there someone on the developersteam, or one of the users who can help me 
> out??? Otherwise I think I have to say sql-ledger wouldn't be of that mucht 
> value to the dutch market, and I would be very sorry if that happens.
> 
> I also think the taxsystem differs in every country, so I think not only the 
> language should be translated, but also the way sql-ledger handles the 
> taxes???
> 
> I hope someone can help me with this problem.
> 
> thnx in advance
> AJ Hettema
> 
> 
>