Re: Taxsystems

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

If you must keep the taxes separate create an account for incoming
and outgoing taxes.

7% VAT collected
7% VAT paid

For parts and service you then check all the taxes, VAT paid and VAT
collected.

Then check "VAT collected" for customers, "VAT paid" for vendors.

When you invoice the items or create a vendor invoice the taxes will be
posted to the correct accounts.


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 Tue, 3 Jul 2001, Jonas Smedegaard wrote:

> On Mon, 2 Jul 2001, Dieter Simader wrote:
> 
> > Finally, you flag your customers and vendors taxable at whatever rate
> > applicable. This may be 7% and 19%, 7% or 19% or no tax.
> 
> > > This is how the Dutch Taxsystem works:
> 
> Oh, one thing that I have become aware of that might be relevant in
> Holland as well (the language sound similar, so why not accounting
> rules?):
> 
> In Denmark incoming (vendor) and outgoing (customer) tax is on separate
> accounts (we need that for the taxation reports).
> 
> What happens in SQL-Ledger is both accounts is offered in Customers and
> Vendors stup, and you should make sure to _disable_ the irrelevant one (or
> they disable each other).
> 
> (please tell me that I am wrong and would I should do to fix my setup)
> 
>  - Jonas
> 
>