Can cash purchases track suppliers and GST?
Liz
edodd at billiau.net
Tue Feb 10 14:25:52 EST 2015
On Tue, 10 Feb 2015 10:10:57 -0700
Scott Rowed <scott.rowed at gmail.com> wrote:
> Is there any easy way to track vendors and GST (Canada) when making
> cash purchases? For example I shop at Costco for the following items
> and pay cash:
>
>
> Batteries....15.99 + 5% GST
> USB flash drive....29.99 + 5% GST
> Pizza for office party....13.00 (no GST)
>
>
> At the end of the year I'd like to access a report on my purchases at
> Costco. Also, of course, I need to find out my total GST for the
> government reports.
>
>
> In Gnucash, it seems that the best way I can do this is to open up a
> new bill to post in accounts payable, enter the data, then pay it
> after. This way it has the tax fields as well as linking the
> purchases to a specific vendor.
>
>
> I used to use Quickbooks and there it was quite easy and fast.
>
> Thanks.
>
>
Do you put Costco in the payee field, or batteries, USB flashdrive and
pizza?
If you have a consistent entry in a field eg Payee, you can run a
search for "Costco" in "Payee" and then filter by date for the
financial or other year. Then you run a report.
I put in my GST by splitting entries at the time. I use Invoices but
not Bills.
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