GST - How to calculate / manage / track GST.

[Elizabeth Dodd]

On Wed, 9 Jun 2004 02:06, Derek Atkins wrote:
> Doctorcam <cam at ellisonpsychology.ca> writes:
> > I know it looks odd.  The tree is:
> >
> > Liabilities
> > ->GST
> >    ->GST Paid
> >    ->GST Payable
> >
> > GST Paid is entered as an Asset, so to speak, therefore with the sign
> > reversed.  GST (the parent) thus always shows the net owing.  That was
> > his argument, anyway, and he knows more than I do, so who am I, to
> > argue with it?
>
> Ahh, ok -- this make sense.
>
> -derek
PS It works too.
The third option is for another subaccount under paid for expenses which are 
part private and part business eg car.
Liz
-- 
"And I don't like doing silly things (except on purpose)."
             -- Larry Wall in <1992Jul3.191825.14435 at netlabs.com>