On Tue, 30 Mar 2021 23:22:06 -0400 Jack Frillman via gnucash-user <gnucash-user@gnucash.org> wrote:
> Doesn't everyone track their sales tax as a separate expense item? > Why would you consider sales tax the same type of an expenditure as > groceries, gasoline or your electric bill? As others have said, there are different reasons to do this. In my personal books, no. I don't get any choice on paying the tax, and I cannot apply for reimbursement. In my company books, yes. I also have to split between general expenses where the tax is fully claimable, and motor vehicle expenses where I have to pay a share, so only part of the tax is claimable. So if I buy fuel and a coffee in the one transaction, I have to have a 5 way split Expenses:Motor Vehicle: Fuel Liabilities:GST paid:Motor Vehicle Expenses:Office Expenses (or Entertainment or whatever is appropriate) Liabilities:GST paid Assets:Bank account I think in these circumstances everyone has good reasons to do whatever they choose with the tax, and no one is "wrong". Liz _______________________________________________ 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.
