John, Hmm, it's all irrelevant with Australian GST. Generally, a return is submitted each quarter with GST collected less GST paid, and a payment is made by the appropriate party for the difference. It doesn't matter if it is income, a capital item, or stock.
With my experience of Quickbooks I see the GST accounts and process differently to you but the discussion best follows a preprocessor demonstration with specific examples. I agree it is important to pick examples most people can relate to, for example, most people probably have the same understanding of diesel but not gas. Regards _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
