My basic approach to such questions is to think about the "5 W's" of
reporting (after all, "accounting" is fundamentally about telling an
accurate story of what is going on with your money.
How you tell that story is dependent on what the standard practices in your
local jurisdiction, as well as h
> On Jan 9, 2018, at 8:04 PM, Chris Smith wrote:
>
> I am using GnuCash for my freelance business. My dad always taught me to
> set 30% of a check aside for the government's share.
>
> How would you enter this to keep track of the tax liability? I am thinking
> I'd have to enter it against my
I am using GnuCash for my freelance business. My dad always taught me to
set 30% of a check aside for the government's share.
How would you enter this to keep track of the tax liability? I am thinking
I'd have to enter it against my *Income:Sales* account as a transfer to
*Liabilities:Tax*
I figu
