[GNC] How can I find cost of expenses, including tax?

[Dr. David Kirkby]

On Wed, 21 Dec 2022 at 05:53, Maf. King <maf at chilwell.net> wrote:

>
> > another top-level of accounts is produced for VAT, so one has 6
> categories,
> > not the usual 5.
>
> I think that as I decided that I would mostly owe VAT, I folded my VAT
> collection accounts into the liability branch.....Assets may be a better
> choice for you.
>
> Speak to your acountant and get some professional opinion on this.
>
> regards,
> Maf.
>

I thought that the 6th account (VAT) was run independently of the other 5,
but it is a liability. As a test, I stuck an opening balance of £100 and
saw the Equity go to  -£100. I'm a bit puzzled why it is separated out, and
not just stuck under liabilities.