Accounting rules

[Bert Heijne]

Adrien,

Q1 has been answered. was easy so have don that.

Q2 - I'm Dutch [Hollander] and you have it quite right.

Q1-  My story is that we own some attractions carousel's, a train and other smaller stands with food.
We Have 2 VAT categorized for us , the low one 6% and high 21%

Most of the time we operate the carousel (attractions) by ourself,  so we earn cash money so thats low VAT 6% going from city to city or village. Most of the city's we have to pay rent for the spot we are standing on.
For city's we regularly visit I would like to make a report of revenue for that city. but for now thats not a priority.

When we rent our carousel and ourselves for a day with free rides for the kits it is high VAT 21% and get payed in cash on delivery or afterwards but also by invoice (hopefully in advance by reservation)

Al the things we own and rent out is high VAT by a rent contract and so we can make invoices.

If we selling food only is 6% VAT but when we rent out a food stand with food it is High VAT. (with gnucash we can make a high and low specific VAT invoice but for now we only rent out with high VAT)

The expenses for maintenance of the attractions can go into another total expense account and make reports from the memo fields

I hope this explains to you how my business works.

Q 3 because we have much cash flow do we need a payment condition for cash payment invoices and also VAT rates for Cash?

Ps I can send you my Accounts overview, its in dutch but can translate it for u.

Bert.


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Van: Bert Heijne
Verzonden: woensdag 7 februari 2018 12:12
Aan: gnucash-user at gnucash.org
Onderwerp: Accounting rules

Hello everyone,

As a new be to bookkeeping and Gnucash. I have some questions about accounting. I already did some work with GC and read the manual.
My company is a rental of party material and we have some attractions that we rent and we exploit the attractions.

So we have invoice and bills, cash income from the rental (pay at delivery) and Cash income from the attractions.

1- Is it wise to give the attractions we exploit and have cash income from, make them customer so we can track their income and get it to the wright Vat box. Also track information about where and Weather conditions?
Say reservation of the first 20 customer numbers for the attractions.

2- Can I remove a customer from the customer list that i accidental made? (it was suppose to be a vendor) or just change the input. customer isn't used yet in any transaction.

For now these questions, I have a lot so Thanks for the help

Greeting Bert