Re: GST accounts

[Luca V. <lu...@ye...>]

Ned Lukies 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?
> 
> I can live with the single GST account but two would be nicer.
> 
> Regards,
> 
> Ned Lukies
> Mad for IT

Hi,

in Italy we use only the two accounts solution. We have to do this way
because we have to write two different books, one for sales and the
other
for purchases. Just modify your accounts list and put the
flag AP_tax in the 'GST for purchases' account and the AR_tax in the 
'GST for sales' account.

What we do is to put this together once pro month in a third account
called something like 'GST summary'. Then I go to pay just the
sum of this third account.

Bye

Luca