GST - How to calculate / manage / track GST.

[Derek Atkins]

Doctorcam <cam at ellisonpsychology.ca> writes:

> Go to File -> Properties to set the rate.  The popup is
> self-explanatory.  Also, RTFM.  Download and install gnucash-docs if
> you haven't already done so.  Please consult the manual before you start
> asking questions here.

I agree with everything except the first sentence..  There is no tax rate
setting under File -> Properties.

> When you create an invoice you will see on each entry line a couple of
> Xs, one to indicate that tax is payable, and the other to indicate
> that it is included.  Clicking on either field turns it on or off.  At
> the bottom of the display are the totals (after you press Enter)for
> both the items and the tax, as well as their sum.

The "taxincluded" is a flag for whether the tax is included in the
value of the item or is on top of the value in the item.  For example,
in the US, tax is NOT included in the value of the item, so a 10% tax
on a $10 item would result in $10 + $1 == $11, whereas in Australia
where the tax IS included, that same $10 item with 10% tax would
result in $9.09 + $.91 = $10 (I think this is how it's implemented --
it may be implemented as $9 + $1 = $10 -- I don't recall of the top of
my head, it's been so long since I looked at that code).

-derek

-- 
       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