Re: GST accounts

[Ned L. <ne...@ma...>]

Adrian,

Thats not really what I was after. In the default chart of accounts, the
GST is setup as a liability. When you receive stock, a debit is recorded
against this account. Instead i would like a debit to be recorded against
an asset GST account (called GST on purchases). I can create another GST
account but I have no luck getting the "add vendor invoice" function to
record the GST in that account rather than the default "2320 - GST
liability" account.

Ned

On Fri, 16 Nov 2001, Adrian Blake wrote:

> >Is it possible to seperate the single GST account into to so that I have
> >an asset GST account for GST paid on purchases and a liability GST account
> >for GST collected on sales? If so, how?
>
>
> Simply create an new account probably with the next consecutative account
> number and make it a liability.
> I also have capital & non-capital GST accounts
>
> Adrian
>
>