Canadian GST PST

[Brian Goodyear]

Hi.  Thanks for responding.  I have set up 4 tax tables:

6% GST collected linked to LIABILITIES:gst collected
6% GST paid linked to LIABILITIES;gst paid
7.5% PST collected linked to LIABILITIES: pst collected
7.5% PST paid llinked to LIABILITIES paid

However here in Quebec the PST is added to the subtotal of the ITEM + GST.
I could setup a table with the combined amount but it looks like it can only
be linked to one account so it would have to be manipulated afterwards.

The same goes for customers/suppliers.  They can only be linked to one
account.
Am I missing something?


On 11/12/06, Brian Dolbec < brian_dolbec at telus.net> wrote:
>
> 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>
>
>


-- 
brian at goodyearandfriends.com  <brian at goodyearandfriends.com>