Now how about tax tables
Nancy Brose
InnerStrengthPilates at comcast.net
Wed Apr 19 00:24:13 EDT 2006
Derek Atkins wrote:
Um, I'd need to see your tax tables to see what it's doing.
Sorry I can't do that I deleted them both and set up a whole new tax
table. Thats why I couldn't believe that the new invoice still used the
old, deleted tax tables when calculating the tax for items billed on
dates prior to the deletion. Before I deleted them I had two tax
tables, both with only one entry, one was for merchandise and the other
was for service, the difference between percent tax was minimal so...
Now I only have one table. From what I could tell the two tax tables
were both being applied when I only chose one of them. Either that or
something else was happening to double the tax when it was applied. I
don't know if that is enough information for you.
Gnucash applies ALL taxes in a particular tax table,
Yes, that I knew when setting up the tables, thats why I thought it
would be OK to have more than one table to choose from.
and yes, it combines all taxes destined for a particular witholding
account into a single
Split.
Hmm, I don't understand what that means. Splits still confuse me.
Nancy
> Quoting Brose Nunan <kayakpeople at comcast.net>:
>
>> I set up two tax rates listed in my tax table, thinking I could chose
>> whichever was appropriate for my transaction when invoicing. Upon
>> reviewing my accounts I noticed that rather than applying just one
>> tax rate, gnucash applied all the tax entries from both tax tables as
>> one tax rate, resulting in over 20% sales tax on an item... I
>> unposted the invoices with the problem, deleted the items and
>> re-entered them. The program still assigned the 20+% tax for any item
>> I listed as purchased prior to the date that I changed the tax table.
>> This was the case even after I removed all the old tables and left
>> only one table with an 8% tax rate in the system. There was no other
>> difference than the date of the transaction between the problem
>> invoices and those that were correct. I figured the system had some
>> kind of memory for transaction dates and I just needed to start over.
>> I just was hoping to reduce my workload. I can't change the purchase
>> dates because it would wreak havoc with my Quarterly state tax
>> reporting. Any ideas?
>
>
>
> -derek
>
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