Canadian GST PST
Brian Dolbec
brian_dolbec at telus.net
Sun Nov 12 22:17:10 EST 2006
On Sun, 2006-12-11 at 19:09 -0500, Brian Goodyear wrote:
> Hmm. I can't sem to find any reference anywhere to how to set up the tax
> tables to reflect the way the tax is computed here in most jurisdictions ie.
> item cost + tax1= subtotal +tax2. Is there something I'm missing or has
> somepne figured a way around it?
>
> I know I can set up a tax table for each tax linked to the appropriate
> liability account but is there a way to set it up so that the Default tax
> table can be set from the properties dialog? Otherwise it's a lot of work
> to enter each invoice billed or paid.
>
Look in the FAQ for setting up the GST & PST. It works great. And yes
you can set up the default tax table to use.
File==>Properties you can set the default customer and vendor tax
tables.
Setting up the GST accounts, set up a master GST account with three sub
accounts, GST paid, GST collected, GST payments. The master account
shows the running balance.
The invoicing also has a number of tax options you can set.
--
Brian Dolbec <brian_dolbec at telus.net>
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