Split transaction and VAT

[Colin Law]

On 21 October 2015 at 23:09, John Whitmore <arigead at gmail.com> wrote:
> I'll start by saying that I'm easily confused by how finnance is delt with so
> don't take it badly that I'm struggling with the GnuCash Tutorial document.
>
> I've been practicing with GnuCash on my personal finances all year as a
> prelude to running my own small company. Now I'm at the point where I'm trying
> to add my first transaction to my company acconts. Now I have to use splits!
>
> Say I've been paid 1,230 of which 230 is VAT (Value Added Tax) which at some
> point has to be paid to the government. All this is coming from Company_A.
>
> I have an Income account for Company_A So I go to that account and start a new
> transaction by filling in a summary and clicking the "split transaction" as
> suggested in the tutorial. So now I add one split of 1,000 into
> Assets:CurrentAccount and 230 into Liabilities:VAT hit return and everything
> disappears no transaction is recorded in the Income:Company_A Account.

Don't hit return till you have entered all the splits.  Use tab.

Colin

>
> I keep playing around in this area but never manage to get a transaction to
> stick. Then I go and look at the Current account and numerous transactions
> have been added. I've deleted them all and will keep playing.
>
> Mucho confused all the money 1230 is coming from Company_A so why can't it go
> into that Income Account?
>
> And just out of interest what totals would you expect in all three accounts?
>
> Income:Company_A        Asset:CurrentAccount      Liability:VAT
> -1230                          +1000                   -230
>
>
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