[GNC] Accounting for GST in Australia

[David Carlson]

Even worse, sometimes local sales taxes in the 🇺🇸 depend on where the
buyer lives, not where the seller does business.



On Wed, Jul 7, 2021, 10:34 AM Michael or Penny Novack <
stepbystepfarm at comcast.net> wrote:

> On 7/7/2021 7:41 AM, flywire wrote:
> > GST is only really supported if it's auto-calculated otherwise a user has
> > to enter twice the splits with the associated logic and keying errors.
> I've
> > only been using the Account Register for data entry.
>
> But GST in Australia appears to be a simple problem compared to "sales
> tax" here. Which not only varies by state (with respect to rate) but on
> what is or is not subject to the sales tax.
>
> This may be too much to expect from an ACCOUNTING system like gnucash if
> we expect automation. Usually this sort of thing is handled by what is
> called a POS system (point of sales) which builds the invoice of sales
> receipt << it will have the total sales tax attributed to this sale
> figured by adding up the sales tax on each item since whether taxable or
> at what rate depends on the item >> Such systems also need to make
> provision of "no tax" sales where the buyer has a certificate of
> exemption on file with the vendor.
>
> Typically a POS system is paired with an accounting system. The latter
> has only to be able to accept the transaction as created by the POS, not
> figure it out.
>
> Michael D Novack
>
>
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