On Sun, 15 Oct 2006 16:37:17 -0600, Dan R. Hunt wrote > On 10/15/06, Andrew Dalgleish <[EMAIL PROTECTED]> wrote: > > I want to offer my customers a discount for early payment. > > > > If I set up an expense account to make partial payments > > I end up paying (.au) GST on the full invoice. > > > > I want the discount to apply to the pre-tax amount. > > > > Any suggestions? > > Andrew > > I work with "payment terms discounts" here in Canada and our G.S.T. > is calculated on the full invoice price. If you were to choose to > "pay the invoice early" the Tax has been calculated and is set in > stone. ( No messing with taxes if you pay early just deduct the cash > amount from your payment.) > > Despite the confusion I find it effective incentive to maintain cash > flow. > > If they pay early you could issue them a credit invoice with a > expense account that is taxable also. > > -- > Dan Hunt Saint Brieux Saskatchewan Canada > > ------------------------------------------------------------------------- > Using Tomcat but need to do more? Need to support web services, security? > Get stuff done quickly with pre-integrated technology to make your > job easier Download IBM WebSphere Application Server v.1.0.1 based > on Apache Geronimo http://sel.as-us.falkag.net/sel? cmd=lnk&kid=120709&bid=263057&dat=121642 > _______________________________________________ > sql-ledger-users mailing list > [email protected] > https://lists.sourceforge.net/lists/listinfo/sql-ledger-users
early payment discount calculations are different in other parts of the world. The next mayor release will feature both types. The development version already has early payment discounts per GAAP. Dieter Simader http://www.sql-ledger.com Tel: (408) 898-4421 DWS Systems Inc. Accounting Software Fax: (780) 478-5281 ============== On a clear disk you can seek forever ================ ------------------------------------------------------------------------- Using Tomcat but need to do more? Need to support web services, security? Get stuff done quickly with pre-integrated technology to make your job easier Download IBM WebSphere Application Server v.1.0.1 based on Apache Geronimo http://sel.as-us.falkag.net/sel?cmd=lnk&kid=120709&bid=263057&dat=121642 _______________________________________________ sql-ledger-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/sql-ledger-users
