On Wed, 21 Dec 2022 at 05:53, Maf. King <m...@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. _______________________________________________ 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.
