help with tax tables

[Phil Longstaff]

On June 12, 2005 08:19 pm, Kevin Hale Boyes wrote:
> I'm setting up a Tax Table for Canadian GST.  I've set the type to
> Percent with a value of 7 but I'm a bit confused about what account
> to assign it to.
>
> I have to charge GST when I submit my invoice and then remit
> it to the government on a quarterly basis.  So, I guess the GST
> is an asset but only for a little while.  But this doesn't sound correct.

It is a liability.

Phil