I imagine I am looking at this wrongly.
Robert Heller
heller at deepsoft.com
Sat Feb 2 21:31:04 EST 2013
At Sat, 02 Feb 2013 20:56:25 -0500 Jean-David Beyer <jeandavid8 at verizon.net> wrote:
>
> I buy stuff on-line and some of it is taxable, some is not. Of the
> taxable items, sometimes the vendor charges me the tax, and sometimes not.
>
> What I have done is to have an expense account called something like
> "State End Use Taxable" and I put all those things in there. Where I
> already paid the tax, I put it in a better category.
Somehow this does not make sense to me. What I would do is have a
liability account: State Tax Owed. Then when you buy something that you
will pay tax on later (eg a taxable item that the vendor does NOT
collect tax on), you create a split transaction with 3 pieces:
payment source (eg PayPal account)
[purchase price] => "Computer Hardware" (for example)
[purchase price + Amount of tax owed]
"State Tax Owed" [Amount of tax owed] =>
Assumes you bought some "Computer Hardware". This shows:
What you will *eventualy* pay for the hardware: purchase price +
tax.
What you *actually* paid now: purchase price
What you owe the state (and pay later): the use tax.
At some future time, you will pay the balance of the "State Tax Owed"
account to the state. It *should* be possible to craft a report based
on the transactions in the "State Tax Owed" that you can use to fill out
the state's tax form.
>
> Now I would really like to put the "State End Use Taxible" items into
> two expense categories. For example of the other category I might have
> "Computer Hardware", "Computer Software", "Movies".
>
> I do not think I can do that directly, since if I could even put in a
> transaction like that (split), if I put 100% into both categories it
> would be unbalanced. And if Gnucash were so dumb (it is not) to allow
> that, I would be double counting some expenses.
>
> I guess for tax purposes, I should continue as I do now, putting the
> appropriate things in the "State End Use Taxable" category. But how do I
> then run a report showing how much I spent on Computer Software, or
> Movies, etc.?
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--
Robert Heller -- 978-544-6933 / heller at deepsoft.com
Deepwoods Software -- http://www.deepsoft.com/
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