VAT

[Derek Atkins]

Aldous Everard <aldous at hypercubesystems.co.uk> writes:

> > > I think tax tables may help. Are you using these?  If I understand you
> > > correctly you want to put VAT already paid on purchases into negative
> > > liability accounts.  if you set one up for 7.6% going to one account,
> > > and another for 2.4% rate of tax, so
> > > 
> > > Liabilities _ VAT _ Input __ 7.6% Rate
> > >                           |_ 2.4% Rate
> > > 
> > > have a feeling this is only half the story, but I've got a bus to catch.
> > Thanks yes I done this. But now I would like to push a button and give a time frame for a quarter and then I would like to know the amount I owe to the government.
> > 
> > Any hints?

Sounds like what you want is to write a "VAT Report".  Nothing
like this actually exists, currently, and the hardest part
of writing one would be finding all the VAT accounts.  The
rest is just some simple math.

-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
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