[GNC] few questions on gnucash

[Christopher Lam]

Depending on how the sales taxes are recorded, the "Income & GST report"
may be able to show sales/income and their taxes.

On Mon, 6 Aug 2018, 09:30 David Cousens <davidcousens at bigpond.com> wrote:

> Julie
>
> GnuCash is primarily a double entry accounting system. It is used world
> wide
> so its functions are usually generic accounting rather than customized
> solutions for a specific tax and legislative framework in a specific
> jurisdiction
>
> It can certainly record deposits and withdrawals from a check account. If
> your bank supports certain banking and financial data protocols protocols
> data can be downloaded directly from your bank to create entries in the
> appropriate Asset, Income and Expense accounts. Usually OFX or CSV
> downloaded files are supported by most banks but direct online access from
> GnuCash to the bank is more variable. If you tells us where you are you may
> be able to get more specific advice from users located near you.
>
> GnuCash can handle some types of tax transactions but does require some
> user
> intervention in defining appropriate tax tables and rules and appropriate
> account structures. There is some guidance for setting up in specific
> jurisdictions in the documentation and user forums. Most commonly VAT and
> GST type taxes can be accounted for fairly easily.
>
> GnuCash generally does not have a Sales Tax report as such. These are
> generally very locality and tax authority dependant and variable in the
> content required.  It does have a general transaction report that can be
> restricted  to appropriate tax accounts and filtered to return transactions
> which can then be exported and used in other programs or spreadsheet
> software for further processing. Users can also generate and produce custom
> reports but this requires some programming expertise.
>
> You may get mor information aboput the suitability of GnuCash for your
> purpose by reading the tutorial and Concepts Guide
> https://www.gnucash.org/docs/v3/C/gnucash-guide/index.html.
>
> David Cousens
>
>
>
> -----
> David Cousens
> --
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