A nice summary! Thank you. I'll save this email. Looks like I'll be putting
together some documentation based on these emails. I played with sql-ledger
some more and it all makes sense now, expect for one thing.
The taxes for customer invoices and vendor invoices should not be the
same should they? I mean a customer may pay in-state taxes to you while
you may pay varying taxes in-state or out-of-state or what-not to your
vendors. How does one deal with this? I suppose in most cases it will
be either an in-state GRT (general receipts tax) or Exempt, but I imagine
there could be other cases. Also it looks as if you have to use one of
the two tax entires for Exempt (i.e. 0%) since there are only two choices,
right?
--
Thomas Sawyer
ps...@on... - email
(303) 285-3487 x1594 - voicemail/fax
---- Dieter Simader <dsi...@sq...> wrote:
> The links tie everything together. They also indicate which accounts
> are
> to be included in the drop down lists.
>
>
> --- Edit Account ---
> Account type:
> Type of account (Asset, Liability, ....)
>
> Heading -> this is a header only
> Account -> regular account
>
>
> Is this a summary account to record [ AR | AP | IC ] ->
> check either AR, AP, IC if it is a collection account for receivables,
> payables or inventory
>
>
> In the Link account to: section the boxes indicate
>
> Receivables:
> Income -> use this account to record income
> Tax 1 -> tax you collect
> Tax 2 -> ditto for second level tax
> Deposit -> where you put the money you receive from your customers
>
> Payables:
> Expense/Asset -> record expenses and assets you purchase
> Tax 1 -> tax you pay when you purchase goods or services
> Tax 2 -> ditto
> Payment -> account you use to pay for purchases
>
> Parts Inventory:
> Sales -> record sales for items sold
> COGS -> record expense for sold items
>
> Service Items:
> Income -> record sales for services sold
> Expense -> record expense when you purchase a service
>
>
> The "Link" setup is another way of linking accounts by entering the
> account numbers. It is quicker to link the accounts but you have to
> know
> the account numbers beforehand.
>
>
> 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 Fri, 2 Feb 2001, Thomas Sawyer wrote:
>
> > TO WHOMEVER KNOWS :)
> >
> > I do not fully understand the accounting links. Currently I am putting
> > together a Chart of Accounts. Do the links simply indicate in more
> detail
> > what an account is, or do they actually effect the activities of
> the
> > system? And the seperate Link Setup Screen, what is it all about?
> >
> > Aside, but related, is anyone working on documentation?
> >
> > --
> > Thomas Sawyer
> > ps...@on... - email
> > (303) 285-3487 x1594 - voicemail/fax
> >
> >
> >
> > __________________________________________________
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>
>
>
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