frozenjim <[email protected]> writes:
> I am also wrestling with this issue. If I'm hearing this correctly then I
> just need to ensure that there are the appropriate liability accounts in
> place to handle it all. From a great tutorial
> http://linas.org/mirrors/www.aerospacesoftware.com/2003.06.21/GNU_Cash_for_Business_users_Howto_Guide.html
> Gnucash for Business Users Guide I learned to create the GST (which is
> called TPS in Quebec) Liability Account with two sub accounts:
>
> GST/TPS (Liability)
> -> GST Collected (liability)
> -> GST Paid (liability)
>
> So now I'm guessing I need to also create a TVQ/PST account in exactly the
> same way.
>
> TVQ/PST (Liability)
> -> TVQ Collected (Liability)
> -> TVQ Paid (Liability)
>
> So, while you have given a technical response that appears to be the right
> answer, are you able to tell me if what I am doing with my chart of accounts
> is valid from an accounting angle? I am very new to this but I think I'm
> starting to get it.
Yeah, that looks close enough :)
-derek
--
Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
Member, MIT Student Information Processing Board (SIPB)
URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH
[email protected] PGP key available
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