Beginner questions

John Edwards jedwards80 at
Fri Jan 7 23:20:55 EST 2011


Sales tax collected is not income, it's a liability.

If you sell something for $100 + 15% HST, the entry would be this:

Debit:  Assets:Cash* .... 115
  Credit: Revenue:Sales ........100
  Credit: Liability:HST owing ...15

*-this is whatever account you're using, probably your chequing account.


John Edwards
Sent wirelessly from my BlackBerry device on the Bell network.Envoyé sans fil par mon terminal mobile BlackBerry sur le réseau de Bell.

-----Original Message-----
From: Bert de Haan <benchmarkhis at>
Sender: gnucash-user-bounces at
Date: Fri, 7 Jan 2011 22:33:05 
To: <gnucash-user at>
Subject: Beginner questions

Hi all.  I just downloaded the program a few days ago and had a few
hours to play with it.  I am somewhat familiar with Quickbooks but
these programs aren't that similar.
I have two questions.
1. In the area directly below the icons "Save", "Close", "Open",
"Edit". "New", "Delete" is a list of tabs of all the things I have
done or accessed.  For instance, I tried entering an invoice a couple
of times.  Now I have three tabs "Edit invoice-44."  Can I get rid of
them or will they just get replaced with other actions?
2.  The tax I collect on a sale should get added to income and to
liabilities, correct?  How do I do that?
Right now I have it set up that the tax is entered as an expense but
that would not be correct for a sale, that would be for a purchase.
Can someone help me out?  Thanks a lot.

Bert de Haan
Benchmark Home Inspection Services
(519) 362-2455
464 Domville Street Arthur Ontario N0G 1A0
100-Day Inspection Warranty
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