Dealing with PST, GST

[Robert Smits]

Hello, all.

I'm setting up accounts for a new business where I have to bill customers for 
BC PST and Canadian GST, and then periodically pay the governments.

So I read as many of the old threads on GST and Double taxes as I could find 
in the listserve.

I've set up under liabilities two accounts for PST and GST, and under each of 
them, three accounts each for PST and GST - Billable, Paid and Remit.

I've set up a tax table called sales tax that combines PST at 7% and GST at 
5%.

When I create an invoice, it correctly calculates PST and GST and puts the 
correct amount in the GST Billed and PST Billed Accounts. 

Now what happens when I mark the invoice paid? Where do the sales tax items 
go? Is there something else I've forgotten.
-- 
Bob Smits <bob at rsmits.ca> 
"Microsoft is not the answer. Microsoft is the question. NO is the 
answer."   - Erik Naggum