Tax Tables - an illustrated primer?
Christopher Lam
christopher.lck at gmail.com
Sun Sep 3 00:29:48 EDT 2017
Hi Users & Devs,
I'd like to gather data on how Business > Tax Tables are currently being
used by users. Tutorial is rather blank on this; says "set up your tax
tables", "choose name, entries and percentage or amount", and in doubt,
seek an accountant who usually doesn't use gnc.
>From my understanding, Tax Tables are mainly used to *automatically*
calculate various county and state taxes as applied to business invoices
and bills... but it's rather confusing that:
- menu is labelled 'Sales Tax Tables' but the tables are designed for both
sales & purchase taxes
- multiple tax table entries are possible
- each tax table entry allows *multiple* account selection, each with its
own percentage/amount and tax account
So instead of delving deep into theory of taxes and how they apply, could
users please let me know illustrated examples of how they have set up their
tables in their jurisdiction, and example invoices/bills that apply? I'm
especially keen on an example of an invoice/bill which has multiple
entries, each with its own tax table, and the tax table entry incorporates
multiple tax accounts. (If this makes any sense... because the software
supports it!)
This could be used to populate the documentation with examples to follow.
Ultimately I'll be keen to create a periodic report which sums all relevant
data, such as for the Australian Tax Office which wants to know GSTs on
sales & purchases every quarter.
Thank you!
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