VAT on cash sales in restaurant

[Jeff Kletsky]

There are some links that may help your choice at

<http://wiki.gnucash.org/wiki/FAQ#Q:_How_do_I_use_GnuCash_to_calculate_VAT.3F>

Depending on your accounting approach and the forms you need to fill 
out, you probably need to keep track of at least
* Taxes due to gov't
* Taxes paid to gov't
* Taxes billed/recovered on sales
* Taxes paid by you to others that offset your taxes due to gov't

Hope this helps a bit,

Jeff



On 2/5/2010 10:11 AM, Nuara Valsecchi wrote:
> Hi,
>
> probably an other silly question but thank in advance for your help...
>
> Trying to understand how to calculate the VAT (IVA, BTW...whatever the 
> name in the different countries) for a small business like a restaurant.
> If I write an invoice to a customer the tax (in liability) is 
> calculated automatically and the amount is written in the correct 
> account when posted.
> My wonder though is for the payment received from the customers in the 
> restaurant paying cash. There are 2 different taxes applied (6 and 19% 
> depending on food or alcohol) but I am not sure where and how I am 
> supposed to account for the payments.
> Should I write them as Income (i.e. sales)? if yes, is there a way to 
> have the tax calculated directly or would I have to split the 
> transaction and enter them manually???