Thank you very much Adrien I found Method 1 / Method 2 works well for me. I
didn't bother with the scheduled transaction as once the accounts and tax
table are set up it is not much administration to calculate and enter the
figures manually.
--
Sent from:
I’ll caveat that I’m not in a VAT territory, but this is how I’d approach it:
Method 1:
=
Set your tax rate at 20% linked to a VAT Payable account.
Write your invoice as taxable with the appropriate rate just defined.
When you remit your payment to the government add a split for your
I've read a couple of previously posted topics on this subject stretching
back years but haven't found an explanation of exactly how to successfully
manage the UK's VAT Flat Rate Scheme (FRS) from within gnucash. Here we are
in 2019, can anyone share their method?
In summary when in the VAT Flat
