changing GST
ays
ays74 at optusnet.com.au
Mon May 24 11:00:50 EDT 2010
Hi
Thanks for the reply. My business is small vending machines so all of my
income is cash and I have been calculating GST and recording it as a
liability. I pay GST when I purchase stock from my suppliers or have other
business expenditure. Gnucash then subtracts this from the GST account. I
must have misunderstood the accountant's instructions as when I presented my
paperwork for the year to her she told me that I should have ignored the GST
for both purchases and income. Now I would like to amend my books before
she submits my return. The only way I can see to do this would be to call
up each invoice, unpost, amend and repost it. I am hoping there is an
easier and less time consuming method of acheiving this.
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