Over riding the tax amounts on invoices
LateNight
webdrop at gmail.com
Wed May 19 22:46:10 EDT 2010
>I'm not sure how PST throws anything off...
PST is charged on some stuff and not others. It is charged on the pre-GST
amount. Since Gnucash only handles one tax, the easy way is to enter the
total amount of the expense and then let Gnucash calculate the pre-GST
subtotal. The other way is to manually calc the subtotal including PST then
use a slightly reduced GST rate that accounts for the PST in the subtotal
but manual calcs are a PITA and definitely not why I am using computer
software to do this task. This feeds into my third issue where the invoice
doesn't show things consistently. For example:
Item with tax included 1.00 $100.00 T $95.24
Item with tax on top 1.00 $100.00 T $100.00
Subtotal $195.24
GST Collected $9.76
Amount Due $205.00
The 'T' in the invoice doesn't really help people understand why the numbers
don't pan out. (Extended amount doesn't equal unit times qty.) Without the
description that I put beside them in this example, most clients would be
confused by this invoice. Even with the comment, the slower ones won't get
it.
>Use multiple line-items for the single charge so you can apply the tax
>table to part of it.
A functional solution that I had thought of however not very clean in the
eyes of the receiving client. Also, I would rather not have to segregate
out liquor taxes and tips on these. "Why poke the bear" as they say.
Thanks for responding derek. Any other suggestions? Is there a library of
other invoice layouts for Gnucash somewhere?
S
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