Income Report

Wm wm+gnc at tarrcity.demon.co.uk
Tue Jul 22 18:56:30 EDT 2014


Tue, 22 Jul 2014 11:13:20 <002f01cfa56f$da48c9f0$8eda5dd0$@gmail.com> 
Narendra Shah <ndssubscriber at gmail.com>

>I do not know much about GnuCash, but your question seems to be purely
>accounting related and not software related.
>
>When you receive a payment from buyer for particular bill (after deduction
>of TDS), you credit buyers account and debit bank account. At the same time,
>you have to pass JV for the amount of TDS: credit buyers account and debit
>Tax at Source (or whatever account name you have given).
>
>Your reports should now show the amount received from buyer as well as Tax
>Deducted at Source by them.

That sounds similar to the European VAT system which GnuCash can 
certainly do.

-- 
Wm...


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