Suggested transaction tax system
Al B. Snell
Wed, 15 Nov 2000 22:54:51 +0000 (GMT)
On 15 Nov 2000, Derek Atkins wrote:
> Nah, I go to a store (grocery, home depot, whatever). Each line-item
> on my receipt will have a 'T' to indicate that it is taxable, or
> nothing to indicate that it is non-taxable. At the bottom there is a
> 'subtotal' and then a 'tax'. There are not two subtotals on the
> receipt (although I suppose GnuCash could show both sub-subtotals).
In that case, I'd just create the tax split by hand - if you even *care*
how much you're paying to tax, not being a company; the tax is handled for
you by the retailer. But for a company in the UK, knowing how much VAT you
owe or are owed at the end of the accounting period is a legal obligation.
Alaric B. Snell
http://www.alaric-snell.com/ http://RFC.net/ http://www.warhead.org.uk/
Any sufficiently advanced technology can be emulated in software