On 2020-12-28 13:21, Eric H. Bowen via gnucash-user wrote: > ... What I'm > asking help for is HOW TO MAKE GNUCASH DO THIS if it isn't a simple > line-item purchase, such as the two examples of an out-of-state purchase > with sales tax paid later in a quarterly filing
Assuming your amounts are $100.00 price of goods and $8.25 tax ... When you take delivery: Debit: Expenses:Office Supplies $108.25 Credit: Liabilities:Sales Tax $8.25 Credit: Assets:Bank Account(*) $100.00 When you pay your sales tax: Debit: Liabilities:Sales Tax $8.25 Credit: Bank Account $8.25 (*) If you don't pay right away, credit Liabilities:A/P:Vendor Name instead of Bank Account, then when you do pay debit Liabilities:A/P:Vendor Name and credit Back Account by $100.00. > or a vendor bill > including taxable items which will later be covered by a processed payment. When you take delivery: Debit: Expenses:Office Supplies $108.25 Credit: Liabilities:A/P:Vendor Name $108.25 When you pay the bill: Debit: Liabilities:A/P:Vendor Name $108.25 Credit: Assets:Bank Account $108.25 > Am I still being unclear?----Eric. Possibly. The answer to your question, as I understand your question, seems so straightforward that I'm afraid I didn't understand it. -- Stan Brown Tehachapi, CA, USA https://BrownMath.com https://OakRoadSystems.com _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
