Sales Tax Reports

[Fast Radio]

I HIGHLY suggest using the book suggested for small businesses.  It showed me how to make the transactions taxable and how to set up the sales tax liability account.  It didn't tell me how to pay the tax - but I beleive I figured that out by myself.

Jack Halem





On Monday, March 24, 2014 10:56 AM, Derek Atkins <warlord at MIT.EDU> wrote:
 
puppydog85 <leroy at z-furniture.com> writes:

> Business>Customer>New Invoice.
>
> Sale goes into an income category (ie. income:mattress sales). As far as how
> the tax is decided, that's a checkbox on the invoice, not sure if I
> understand your question. I don't really want to make two income categories
> (e.g. income:taxable and income:non-taxable

Then alas, right now there is no way to determine your taxable
vs. non-taxable sales.  The "Taxable" flag isn't carried over from the
Invoice into the Chart of Accounts, so there is currently no way to
reverse-engineer your taxable income.

One would need to write a report that would iterate over every Sales
transaction, find the associated invoice, and then break break down the
income into taxable and non-taxable.  Such a report does not exist
currently, and would not be "trivial" to write.  Doable, but not a
simple change from an existing report.

So your best bet, for now, if you really need to summerize taxable vs
non-taxable sales is to have two income categories.

Sorry,

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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

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