[GNC] How to process a purchase made without paying VAT and add it as an investment to be later depreciated

[Jeremy D]

Second screenshot didn't appear to be visible:

[Purchase minus Belgian VAT]




2018-07-12 22:34 GMT+02:00 Jeremy D <jeremy.defrere at gmail.com>:

> Hi,
>
> Someone on the #gnucash IRC channel suggested I write this message as I
> have quite a complex issue.
>
> Basically I've made a few purchases the last few months, most of which I
> paid without VAT.
>
> Here's a concrete example to help you better understand.
>
> I bought a laptop. This laptop cost € 2016, VAT included. However, as i
> have a VAT number, I paid only € 1694,12.
>
> A few prerequisites:
>
>
>    - My accountant wants me to include foreign VAT as an asset and also
>    include Belgian VAT as an asset. He calls that a "null operation" but it's
>    necessary, he says.
>    - Looking at my transaction report, we noticed the balance for each
>    month isn't correct. It should be equal to zero.
>    - This purchase has to be used as an investment (asset account) which
>    can then be depreciated each year.
>
>
> I thought I was able to solve the problem by creating a bill linked to the
> vendor (Business\Vendor\New Bill), then posting the bill and processing the
> payment - amount without VAT linked to checking account/VAT in the separate
> VAT account. Below are screenshots of that:
>
> [Purchase minus German VAT]
>
>
>
> [Purchase minus Belgian VAT]
>
>
>
> But the Liabilities:VAT Sales:Belgium looks totally messed up. To be
> honest, I don't think I know what I'm doing anymore. I've tried many things
> already but to no avail...
>
> Thank you in advance for the feedback.
>
> Jeremy
>
>
>
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