How to handle VAT
Ian Leonard
ian at smallworld.cx
Sat Apr 2 05:00:46 EST 2005
Hello,
I am new to Gnucash and want to see if I can use if for my business
accounts (when I say business - it's just me). This question is probably
applicable to the UK only and I saw the topic discussed in the archives
a few weeks ago.
I need three things:
a) To have VAT from invoices transferred to a VAT liabilities accounts.
I haven't looked at the invoicing feature of Gnucash - I will probably
just enter the transactions by hand.
b) To enter purchases and have them split into a VAT account
c) Have the two VAT values summerised ready for transfer to the VAT form
I guess c) will follow on from a) & b) but any advice on how to tackle
this would be appreciated.
--
Ian Leonard
Please ignore spelling and punctuation - I did.
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