Doug Laidlaw laidlaws at hotkey.net.au
Sat Sep 13 01:15:12 EDT 2008

On Monday 18 August 2008 7:40:15 pm Elizabeth Dodd wrote:
> On Mon, 18 Aug 2008, Shane Litherland wrote:
> > Hi elizabeth,
> > be interested to know how/why you don't put them through the business
> > part.
> too much trouble
> > i'm receiving the money.
> > (now you mention it, i'm not really sure how i'd do it if i was paying
> > either, but haven't really chewed that idea over yet).
> > i want to put them through with all my other 'business stuff' because
> > they still amount to taxable income. have noted ways to enter
> > transactions without using A/P or A/R, but then miss the option of
> > listing the transactions to particular bills/jobs that comes with using
> > A/P or A/R.
> > of course, if it just makes life harder for me to do it that way, i can
> > be easily swayed :-)
> > so, how do you get it to work for you?
> > Regards,
> > Shane
> i just record the incoming money in the bank account, with splits to the
> correct income account and to "GST:received"
> (I use plain English n my accounts)
> I don't record them against particular jobs.
> if you put them through the business features you would just make your copy
> of the invoice on gnucash, post it, and pay it straight away.
> If you were making RCTIs then I think you would find it very awkward.

Why create the tax invoice at receipt time?  You need the tax invoice to claim 
your GST credit.  Elizabeth's idea sounds the best.

But I am not a trader, so I am not familar with the practical effect.


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