Sales Tax

[Derek Atkins]

Fast Radio <fastradio at yahoo.com> writes:

> I now need to collect sales Tax.
> I have successfully made the sales tax liability account.
> When I make the Invoice showing the sales tax on the order - the exact
> amount does show up in my liability.
>
> I can't figure  out how to pay.
> When I pay via my checking account the checking account is fine and
> the liability is removed as I paid the liability in full.
> However a red (negative) balance then appears in my accounts payable account.

Umm... How are you actually "paying" the liability?  It should just be a
regular transaction from Bank -> Liability:Taxes Due.  I'm not sure why
your A/P is going red (negative), unless you're somehow using a "Process
Payment" -- which you shouldn't be doing.

> Should I make the tax agency also a vendor and enter the liability and
> pay the liability that way?

Probably not.

> Jack H.

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-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available