I don't know how it should be set up as I'm using this only for personal bookkeeping. To answer the question: the VAT is a liability(?) in that I receive it from the customers and have to give it back to the state. There's is also some VAT on expenses but it would be too tedious too track that for each small purchase.
With regard to that, the VAT is self-reported and predicted, so I sometimes end up receiving discounts (kickbacks?) from the state. This shows up as income under the "Cash flow", but I guess in that case it makes sense. Regards -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org 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.
