VAT

[Zeno R.R. Davatz]

On 15 Aug 2003 11:00:35 -0400
Derek Atkins <warlord at MIT.EDU> wrote:

> 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.
Yes, that summens it up quite good: A "VAT Report" would be a great step. With that VAT-Report I could just make a balance with all VAT-Income and all VAT-Expense and give the difference to my government.

If I could choose witch account is VATable and witch one is not...

tia for your attention.

Zeno