invoice+bill for same bank transaction for business

[Christopher Lam]

Hi Paul

We have similar in Australia called 'Recipient Created Tax Invoices' see 
https://www.ato.gov.au/Business/GST/Issuing-tax-invoices/

I solve this by NOT using the Gnucash business features at all. The 
agency takes care of all customer payment chasing, refunds, calculating 
taxes etc, and sends a single bank remittance. Therefore the business 
accrual issues are invisible to me. I do cash accounting.

See last section on 
https://wiki.gnucash.org/wiki/Alternate_Australian_GST_setup for my 
solution. Each monthly transaction describes gross income, GST on sales, 
agency portion, GST paid to agency, and remittance to bank. I record the 
values manually in every bank remittance as a multisplit transaction 
involving 5 accounts, and report subtotals quarterly to tax authorities.

HTH


On 31/01/18 03:23, Paul de Vries wrote:
> clients that are handled by an agency need both an invoice for the service rendered and a bill for the agency's commission. the agency balances the invoice and their bill into a single bank transaction.
>
> for dutch tax I must specify revenue, tax due, tax payed separately, so I cannot handle this by something like a credit note.
>   
> if I replace the bank transaction by 2 transactons for invoice and bill it would be solved. but I import bank transactions and repeat this the next period to make sure that after mistakes in editing no bank transactions are lost, so this is not a good solution for me.
>
>
> it could be done this way:
>
> example: invoice=100 bill=10
> - bank  90+ as imported
> - bank  90- new entry that balances the imported bank transaction to nil
> - bank 100+ for invoice
> - bank  10- for bill
>
> is there a 'right way' or better solution for this situation?
>
> thanks
> -paul.
>
>
>
>
>
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