how to setup tax tables

[Derek Atkins]

Brian <b_rose at shaw.ca> writes:

> 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?

Yes.

>> GST Paid and GST Payable are oppositely signed,
>
> How do I make an account oppositely signed?

You don't.. You just use credits instead of debits, and debits instead
of credits, so the value is inverse.

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