2008-02-25 GnuCash IRC logs
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08:02:22 <guillaume_> someone speak french here?
08:02:51 <guillaume_> I'm confused with the english doc's and french install gnucash...
08:03:49 <guillaume_> I'm looking where in the docs I can read about changing tax table for creating an invoice
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09:07:58 <guillaume_> Hi all
09:17:46 <guillaume_> I can;t find in the docs how I can setup taxe table on products when i make an invoice... I've read about making a tax and include tax in a product but.. I need to set it up first
09:19:48 <guillaume_> I know Where to set it up.. but..
09:22:14 <guillaume_> please help
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09:45:34 *** warlord-afk is now known as warlord
09:49:58 <warlord> guillaume_: It's really easy to set up a tax table. You just define the set of taxes in the table. For each Entry in the tax table you assign the account to receive the tax monies, and the amount (percentage) that goes in.
09:50:27 <guillaume_> ok, I understand this
09:50:41 <guillaume_> But here in quebec we have Federal Tax and provincial tax
09:50:55 <warlord> Right.
09:51:08 <warlord> So you need two entries in the tax table. One of PST and one for GST.
09:52:04 <warlord> Also, because one tax is on top of the other (tax on the tax), you'll need to manually take that into consideration in the tax table.
09:52:20 <warlord> (by recomputing the actual percentage you enter)
09:53:14 <guillaume_> this is the part i dont understand
09:53:48 <warlord> It's just simple algebra
09:54:05 <guillaume_> but in the dialog box
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09:54:59 <guillaume_> I dont find any thing that do tax on the tax
09:55:15 <guillaume_> for example federal is 5% and provicial is 7,5%
09:55:20 <warlord> Right, you need to manually compute the percentage that is the tax on the tax.
09:55:48 <guillaume_> manually Everytime I make an Invoice?
09:55:57 <warlord> No.... Manually when youcreate the tax table.
09:56:19 <guillaume_> hope so lol
09:56:29 <guillaume_> can you please give me an example
09:58:15 <warlord> * sighs * This needs to be a FAQ or something.
09:58:43 <warlord> Remind me which tax is on top of which, please?
10:00:24 <guillaume_> mm the federal is on the first one
10:02:09 <warlord> Well, you can do the math. Let's say you have a $10 item. If the taxes weren't on top of each other then you'd have .50 GST and .75 PST.
10:02:20 <warlord> But they are on top.. So..
10:02:41 <warlord> The GST is still first, so it's still .50
10:03:49 <warlord> The PST inclues the GST, so you're taxing 10.50 at 7.5% == .78
10:04:48 <warlord> So, you can recompute this as Tax-Table-PST = (1+GST)*PST = 1.05*.75 = 7.875%
10:13:02 <guillaume_> I see
10:13:53 <guillaume_> I will try it right now
10:17:09 <guillaume_> I see I can add multiple entry when I create the tax table
10:17:36 <guillaume_> do I create only one and inside of that one I add those 2
10:17:56 <warlord> Correct.
10:18:11 <warlord> You only need one tax table which has two tax-table entries.
10:19:34 <guillaume_> and in the value of each
10:19:57 <guillaume_> I can use the name of the other entry to calculate it?
10:20:54 <warlord> No, as I keep saying over and over, you have to manually compute the actual tax percentage.
10:21:18 <guillaume_> lol, I'm sorry
10:21:32 <guillaume_> I don't understand very quikly this simple thing
10:21:55 <warlord> so i've noticed. ;)
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11:04:21 <guillaume_> <warlord> are u still online?
11:04:32 <warlord> yes
11:04:49 <guillaume_> I get it now
11:04:52 <guillaume_> lol
11:05:06 <guillaume_> but I have to choose the account
11:05:48 <guillaume_> If, I'm billing customer, creating an invoice, whitch account should I choose for that table
11:06:56 <warlord> Liabilities:Taxes Collected:PST (or :GST)
11:07:13 <warlord> Doesn't matter, really.
11:07:14 <guillaume_> logic ... :)
11:07:30 <guillaume_> when I make the report to give to the government
11:07:46 <guillaume_> i would be easier if i choose lialiblities: taxes collected:pst
11:10:26 <warlord> ok
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