Very basic problem here. I made an invoice for a service that I did. I received $20. Where I live I have to charge 7% tax. So the revenue is actually $18.69 and the tax is 1.31. My invoice has a subtotal of $18.69 and a tax of 1.31. I post it and get it paid and for some reason my tax expense is a -1.31. In other words my net income is boosted by $1.31 as opposed to decreased to $1.31. Why is this? Is this because I haven't actually paid the sales tax yet and I close it out later?
Pete _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
