tax and reports on capital expenses

[Ivan Cauchi]

I do realise this is an old thread, but I was looking to do something similar
and came across the thread.  I did find a way of reporting GST-free
transactions - perhaps the thread was prompted by an older version of
GnuCash - I am using 2.4.10.

Anyway, for the record, this is what I've done.  I have a GST account in
A/P, under which I have the following sub-accounts - GST collected, GST
Free, GST paid Capital, GST paid non-Capital and GST true-up.  Pretty
standard for an Australian setup.  When I create an invoice, I mark each
transaction as taxable and then select the GST account concerned, 'GST free'
if appropriate.

Then when I need to draw up the regular Business Activity Statement, I
generate a transaction report for the main top level accounts (e.g.
expenses, or assets), select 'all children', then select in the filter
window the 'GST free' account, in the filter type I 'include transactions
to/from filter accounts' and then click on apply.  The transaction report
will provide all transactions which have a split which includes the 'GST
free' account and, conveniently, a total.  The only manual thing I need to
do is to add the total for 'expenses' to the total for 'assets'.



--
View this message in context: http://gnucash.1415818.n4.nabble.com/tax-and-reports-on-capital-expenses-tp3758104p4663177.html
Sent from the GnuCash - User mailing list archive at Nabble.com.