Re: GST accounts

[Jonas S. <jo...@jo...>]

On Fri, 16 Nov 2001, Luca Venturini wrote:

> 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?

> 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.

Similar (to Italy) in Denmark.

I have set it up similarly to you, Luca, and it works as expected using
"Customer Invoice" and "Vendor Invoice", but semi-manual data entry using
"Add Transaction" defaults to using both GST accounts and you'll need to
remember deselecting the irrelevant one.

What IMHO would make sence was for the "Add Transaction" screen to look at
the GST accounts chosen for the selected Customer/Vendor and only enable
those GST accounts per default.

 - Jonas

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