Using Tax Tables while not showing tax/Net Price on Invoices
Michael L. Boscia
mikeboscia at gmail.com
Tue Mar 5 01:41:39 EST 2013
Hello,
I am new to gnuCash and am excited to be using it. My question is
regarding showing tax info on invoices.
I would like to charge my customers for my Consulting services. Lets say I
charge $20/hr and expect to pay 25% tax. I would like to have the tax
table post $5 tax to my Liabilities:Income Taxes Payable account without
showing a breakdown with taxes on the invoice such as
--invoice snippet--
Date Description Charge Type Quantity Unit Price Total
03/03/2013 Programming Hours 10.00 $20.00 $150.00
Net Price $150.00
Tax $50.00
Total Price $200.00
Amount Due $200.00
--end invoice snippet--
Stated another way-
I would like to calculate the taxes for the purpose of setting the money
aside, but I do not want to show the taxes on the invoice. How would I use
a Tax Table to set aside 25% taxes from an invoice but not show the "taxes"
on the invoice?
Thanks Much,
Mike
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