Taxes death

[Buddha Buck]

On Mon, Feb 18, 2013 at 11:25 PM, James Gruetzner <adastraarms1 at gmail.com>wrote:

> The problem as I see it is that the Expenses:Sales tax  account does not
> get affected -- but it should.
>

I think you are doing it right, and the Expenses:Sales tax account should
NOT get affected.  The sales tax you collect from your customers is not
yours, you are just holding it until you can pass it on to the State.

In contrast, the sales tax you pay on a good or service you purchase is an
expense, and could/should be charged to Expenses:Sales Tax.