how to setup tax tables
Brian
b_rose at shaw.ca
Mon Oct 4 14:07:10 EDT 2004
> Liabilities
> |
> -> GST
> |
> ->GST Paid
> ->GST Payable
Ok. My Taxes account is a Liability type.
> I set up two Tax Table entries, one called GST, and the other GST
> Paid. They correspond to the two accounts.
Hmm. On the business-> Tax Tables window, there
is Tax Tables and Tax Table Entries. So, I did this:
Tax Tables -->
GST --> has Tax Table Entry:
7% to account-Taxes->GST->GST Collected
GST Paid --> has Tax Table Entry:
7% to account-Taxes->GST->GST Paid
Is this right?
>
> GST Paid and GST Payable are oppositely signed,
How do I make an account oppositely signed?
Brian
--
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(604)-588-8827 . b_roseATshawDOTca
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