Problems with Business + VAT

[Derek Atkins]

What's the currency/commodity of each account?
What's the Vendor's currency?

-derek

Quoting Nigel Titley <nigel at titley.com>:

> I've come up with what may be a bug, or may be my misuse of gnucash. I'd
> welcome some advice.
>
> I'm in the process of becoming VAT registered (in the UK) and I'm
> reworking my gnucash accounts to cope. I've created VAT input[A] and
> output[L] accounts and created two tax tables: VAT input and VAT output
> to refer to them.
>
> I then go to Business -> Vendor -> New bill and create a bill for some
> goods (Office Supplies) I've just purchased. I enter the net amounts for
> each line item, assign them to Expense:Office Supplies and mark them as
> VAT input. Total net value is £31.46. Gnucash calculates the VAT
> correctly (give or take a rounding error). I then post the bill, and
> this is where things start to fall apart. A zero total value split is
> posted to the Accounts Payable account with split lines
>
> VAT:Input
> Expenses:Office supplies       31.46
> Liabilities: Accounts Payable
> Imbalance-GBP                           31.46
>
> When I then try to process the payment it is already marked as paid.
>
> If I then go back, unpost the bill, mark each line item as not taxable,
> and re-post it, everything works as it should. The Accounts Payable
> account has a £31.46 split with two lines in it
>
> Expenses:Office supplies       31.46
> Liabilities: Accounts Payable           31.46
>
> When I go to process the payment, all works fine.
>
> I've reproduced this with a brand new set of business accounts (created
> new file, ticked the "Business Accounts" item in the Account Druid) and
> the actions above.
>
> I'm running svn r14212 on Ubuntu 5.10, but I've seen identical behaviour
> on Fedora Core 3
>
> Am I being daft, or is this a bug? I can obviously work around it by
> setting the Bill lines to non taxable and adding a VAT:Input line, but
> it would be nice to have it working properly.
>
> Thanks for any comments
>
> Nigel
>
>
>
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>



-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available