On 2/1/2022 2:46 AM, Don Robertson wrote:
Well, I guess it isn't for me. I think computers should save people
time. If I need to open my bank page in my browser and copy the
transactions manually into Gnucash and make a bill, post it, and pay
it for every packet of paperclips .... doesn't work for me.
Or I have to manually split each transaction and work out how much
sales tax is involved? I wonder if I still have a calculator in a
drawer somewhere. Or an adding machine? Can you still get the little
rolls of paper for them? Where I come from, if we go to the store and
pay $100, we'd have to multiply by 3 and then divide by 23, to get tax
of 13.04 on a net price of 86.96. The receipt would be emailed and
saved into a folder.
Sort of thing that would be easy to program, but I have to type that
in to get the GST? and I suppose 100 - 100*3/23 to get the net price.
Simple.
Easy to program? (I did this for a living) For every sales tax levying
body on the planet? Each not only having different rates but rules about
to what sales tax applies (which can even get modified by where bought)
Thus my jurisdiction is Massachusetts. If I am in a hardware store and
buy a pair of winter gloves, taxable (protective gear) but if I were
buying the same gloves in a clothing store, not taxable (clothing). If
while in that clothing store I spent $100 for those gloves, a sweat suit
top and bottom, and a handbag, some of that would be taxable and some
not (the handbag isn't classed "clothes"). So yes, I would really have
to have that receipt in from of me and enter the split as tax was charged.
BTW -- whether that storage cabinet should be an "expense" or something
added to the basis of fixed assets/office furniture and only expensed as
depreciated will depend on how you handle that (for example, might be
below your "de minimis" for fixed assets)
Michael D Novack
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