User talk:Christopherlam

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Revision as of 02:17, 27 June 2023 by Flywire (talk | contribs) (MYOB manage GST under the liability account)
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https://wiki.gnucash.org/wiki/index.php?title=Custom_Reports&curid=1404&diff=13193&oldid=13178

Hi Chris,

Nice to see you here! But Why do you not use <syntaxhighlight lang="scheme">...</syntaxhighlight> instead of <pre>...</pre> like in the rest of the page? It looks much nicer as you can see in Wiki Tips. --Fell (talk) 22:21, 11 January 2018 (UTC)

Quickstart Australian BAS My account setup

https://wiki.gnucash.org/wiki/Quickstart_Australian_BAS#My_account_set_up

The GST parent account is not clear from the text. Businesses aim to make money and GST is charged on that income so it follows GST is a liability. Liability:GST:GST on Sales (ie tax collected) and Liability:GST:GST on Purchases (ie tax paid) shows the net result at any time.

==> NO. GST paid to suppliers is an asset. I'll get it back at the next BAS.

==> MYOB use LIABILITY the same as QuickBooks: https://wiki.gnucash.org/wiki/Alternate_Australian_GST_setup Do you have a reference for any other package using Asset and Liability accounts?

It would be nice to align the default Business Accounts, Guide Chapter 13, and this wiki.

==> You don't have to use my account structure.

> I use two tax tables -- GST on Sales, GST on Purchases.

Useful information for the Guide Ch13.

https://wiki.gnucash.org/wiki/Quickstart_Australian_BAS#My_Tax_Tables

Seems steps must be:

  1. setup accounts (text does not specify if GST accounts are Asset or Liability)
  2. add Tax Table Entry(s)
  3. update File, Properties, Book options Business tab: Default Customer/Vendor tax table