Automatically splitting incoming money?

[Robert Graham Merkel]

Bill Gribble writes:
 > On Tue, Oct 10, 2000 at 02:55:41PM +1100, Robert Graham Merkel wrote:
 > > Unfortunately, it can't be done automatically at the moment.  
 > > However, something like it is definitely on the agenda.  I also
 > > have to fill in a BAS soon, and it's annoying enough to want to
 > > automate as much as possible :(
 > 
 > Robert, you've mentioned before that GST is somehow qualitatively
 > different from other kinds of taxes.  Could you explain how?  I would
 > assume that you would just want an Expense account called GST, which
 > would be the account for a split in each transaction that has a GST
 > component.  Is there some reason that's not adequate?
 > 

That's correct.  What I (and presumably others) will want to be able
to do, is have the correct GST calculated when a transaction is made,
and placed in that GST account.  Some types of transactions are
GST-free, and in some jurisdictions some transactions attract a
concessional rate.  Next, I'd like to be able to automatically 
generate tax reports from that.  Obviously, they're going to be
jurisdiction-specific.

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Robert Merkel	                           rgmerk@mira.net

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