Understanding the 'transfer' list of options...

[Maf. King]

On Tue 28 August 12 04:03:54 Expert_wannabe wrote:
> Firstly, a big thank you to both Colin and Maf for your replies.
> I really appreciate it.
> 
> I've spent quite a few more hours 'playing' with this since posting.
> 
> Maf...
> You mentioned that you put VAT items into somewhere and used 'split'
> I would assume that if I put an expense into e.g Expenses:VAT
> Purchases:Office, that it would automatically take 20% off and stick it
> somewhere else for VAT purposes!!
> Is that not the case? and if not, then do I have to do a 20% manual
> calculation for everything I do and move it to separate accounts?
> 
> If I have to do that, then I'll probably go back to using Excel, it will be
> easier.....

Hi Larry,

In addition to the exellent answers by Colin & Liz, I will add that the 
"business features" module can handle automatic VAT calculations for Invoices 
and Bills.  It takes a wee bit of setting up, in that you have to go through 
and create tax rate tables and vendors etc. as needed and learn a different 
workflow.  The docs cover this IIRC.

HTH,
Maf.
 

> 
> Thanks again
> Larry.
> 
> 
> 
> --
> View this message in context:
> http://gnucash.1415818.n4.nabble.com/Understanding-the-transfer-list-of-opt
> ions-tp4656538p4656559.html Sent from the GnuCash - User mailing list
> archive at Nabble.com.
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.
-- 
Maf. King
PGP Key fingerprint = 8D68 A91F 733B 2C1F 43B7  2B7C E591 E8E1 0DE7 C542