Hello Let us say that we have a sales tax liability of 100.00.
To pay that from a checking account, I am probably just supposed to enter a GL transaction, crediting a bank account, and debiting the sales tax liability accounts in question. However, how can I go about showing the payment of sales tax as an expense? My only other alternative, is to enter amounts paid as sales tax, as write-in items on the reports sent to the accountant for tax purposes, since sales taxes are deductible. That is, as I recall, exactly what I used to do, when operating a business in a sales tax jurisdiction, as I now am again. What must I do to have some record of this--I.E. apply it to a "sales taxes paid" expense account? Thanks. Luke ------------------------------------------------------------------------------ The Palm PDK Hot Apps Program offers developers who use the Plug-In Development Kit to bring their C/C++ apps to Palm for a share of $1 Million in cash or HP Products. Visit us here for more details: http://p.sf.net/sfu/dev2dev-palm _______________________________________________ Ledger-smb-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/ledger-smb-users
