Using Tax Tables while not showing tax/Net Price on Invoices

[Alex Aycinena]

Mike,

> ---------- Forwarded message ----------
> From: "Michael L. Boscia" <mikeboscia at gmail.com>
> To: gnucash-user at gnucash.org
> Cc:
> Date: Mon, 4 Mar 2013 22:41:39 -0800
> Subject: Using Tax Tables while not showing tax/Net Price on Invoices
> 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
>

I think you are confusing your taxes. The Tax Table you are referring
to is supposed to be used to calculate sales (and similar) taxes that
you may wish to charge, and show, on you invoices, not your personal
income taxes. Sales taxes may or may not apply on consulting services,
depending on your tax jurisdictions.

Calculating how much money you should set aside for you personal
income taxes is complex and I wouldn't think it would be based on
individual billings, in general.

Regards,

Alex