how to setup tax tables
warlord at MIT.EDU
Mon Oct 4 15:44:55 EDT 2004
Brian <b_rose at shaw.ca> writes:
> Hmm. On the business-> Tax Tables window, there is Tax Tables and Tax
> Table Entries. So, I did this:
> Tax Tables -->
> GST --> has Tax Table Entry:
> 7% to account-Taxes->GST->GST Collected
> GST Paid --> has Tax Table Entry:
> 7% to account-Taxes->GST->GST Paid
> Is this right?
>> GST Paid and GST Payable are oppositely signed,
> How do I make an account oppositely signed?
You don't.. You just use credits instead of debits, and debits instead
of credits, so the value is inverse.
Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
Member, MIT Student Information Processing Board (SIPB)
URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH
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