Our state tax laws are such that most of the work that I do is
considered "data processing" of which 20% is exempt and 80% is taxable.
Is there a good way to configure GnuCash to handle that when making an
invoice?
I've thought of several approaches, but none seem very satisfactory:
* Make one line item in the invoice that reflects 80% of the labor
cost and mark that as taxable, then enter a separate line item for
the remaining 20%, so that every invoice has 2 line items. The
problem with this approach is that the line items no longer reflect
what was done (a description of the work completed) but rather are
used mainly to separate the taxable and non-taxable charges.
* Similar to above, I could just duplicate every line item (so if
there were 5 items, there would become 10) to make a taxable and
non-taxable line item for each piece of work completed. But that
seems cumbersome and would likely be confusing to clients.
* Another approach could be to set the tax rate to 80% of the actual
tax rate.
Do you have any other suggestions about how to approach this?
I've searched quite a bit for an answer for this question (both in
GnuCash and with other, separate invoicing products) but haven't been
able to find anything conclusive.
What I'm currently doing is using a spreadsheet template for invoicing.
I've added separate columns for the 80% taxable and 20% non-taxable
breakdown of each item, then compute tax accordingly. This works, but it
is cumbersome.
--
Matthew
_______________________________________________
gnucash-user mailing list
[email protected]
To update your subscription preferences or to unsubscribe:
https://lists.gnucash.org/mailman/listinfo/gnucash-user
If you are using Nabble or Gmane, please see
https://wiki.gnucash.org/wiki/Mailing_Lists for more information.
-----
Please remember to CC this list on all your replies.
You can do this by using Reply-To-List or Reply-All.
