processing invoices and bills

[Ed Delves]

Hi Maf,

Thanks for the quick reply. I have the tax tables set and have double 
checked both the rate and the attributed account. For a vendor's bill, the 
tax table is set at scharged which in the tax table is Assets:Accounts 
Receivable:VAT paid out with the vate set at 20%, so for an example entry I 
have:

Expense account - Expenses:External Consultancy
Unit Price - 4800
Tax Table - Scharged
Subtotal - 4800

Then at the bottom it gives:

Total £5640.00  Subtotal $4800.00  Tax: £840

If this is all correct then the VAT paid out should appear on the 
transaction report after the bill has been paid?

Ed

--------------------------------------------------
From: "Maf. King" <maf at chilwell.net>
Sent: Wednesday, March 14, 2012 11:34 AM
To: <gnucash-user at gnucash.org>
Cc: "Ed" <eddelves at live.co.uk>
Subject: Re: processing invoices and bills

> On Wed 14 March 12 04:17:08 Ed wrote:
>> Hi,
>>
>> I have a number of regular customers and vendors that I have entered into 
>> my
>> database to process invoices and bills. For one off customers or vendors, 
>> I
>> enter a split transaction in the current account to account for VAT paid
>> out/received. When I do a transaction report for VAT, the VAT for the 
>> split
>> transactions for the one off customers are accounted for but the invoices
>> and bills processed via my customer/vendor database do not show the VAT
>> paid out/received. Where am I going wrong?
>>
>> Thanks,
>>
>> Ed
>>
>
>
> Hi Ed,
>
> Sounds like you may not have set up the tax tables correctly for the AR
> invoices.
>
> Business Menu -> Tax Tables  allows you to set pre-defined rates (eg. 20%
> input, 5% input and 20% output) and the appropriate transfer accounts (VAT
> input/output).  These rates will be automatically added and the VAT split 
> off
> to the correct accounts when you post an invoice/bill.
>
> HTH,
> Maf.
>
>