My company is not registered for VAT (tax), but I probably have to pay 20% VAX (tax) on 75% of the items I buy.
I have the following accounts Expenses Expenses -> Stock Expenses > Office supplies I can not see how I can determine how much I have spent on stock, *including* the TAX. The account Expenses is a placeholder account, but I see that all the VAT goes in there. So Expenses -> Stock has two sorts of transactions in it 1) Items where no tax has been paid 2) The price of items excluding the tax which seems a bit of a muddle. That’s 100% of the cost of some items, but 80% of the cost of the others. I can not find the cost (including the tax) from adding up Expenses and Expenses -> Stock because Expenses will contain the tax paid on Office supplies too. At the end of the year my accountant will want to know how much I have spent on stock, but I can’t see a way of exporting the transactions so that the file contains that information. My accountant would Expenses -> Stock but only some things from the placeholder account Expenses. I assume that there is a way out of this problem. Dave -- Dr. David Kirkby, Kirkby Microwave Ltd, drkir...@kirkbymicrowave.co.uk https://www.kirkbymicrowave.co.uk/ Telephone 01621-680100./ +44 1621 680100 Registered in England & Wales, company number 08914892. Registered office: Stokes Hall Lodge, Burnham Rd, Althorne, Chelmsford, Essex, CM3 6DT, United Kingdom _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: 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.
