Open GoogleCodeExporter opened 9 years ago
Vinit:
I think for most people it would be good if the split happens at time of
recording (especially using the mobile app). Infact thats how most accounting
software handle it. So for instance you create a setting of how much tax (3%,5%
etc in the background) then you enter the subtotal and the tax is automatically
calculated. Then when you hit post, it enters that tax amount to the ITC
account.
But since you guys cater to a large audience in various states and provinces
with various tax levels (county, etc.) it might be better to also build a
feature where its editable when managing. An example that I am aware of is in
Canada, you can claim the full tax for most of your expenses but hydro,
environmental disposal etc.you can only claim the federal tax (a lower
percentage) so an editing feature will be very handy
Also a quick advise as you guys are building this- think longterm for eg; you
also have to consider the same happens on sales (from invoices), when a
business is selling a product, they are charging a tax, so again you would want
that sale tax to be split into your sales account. For example if I sold a
product for $120, where the product was $100 and $20 was tax, I would like the
$120 to debit a receivable account (or bank) and credit $100 to a sale account
and $20 to a tax account.
In many US states and Canadian provinces, when a business submits their tax
report, they submit both together their ITC and their Sales Tax and typically
the net is what they pay the government (or get reimbursed).
Hope this helps. thanks in advance!
Original comment by m...@nimbustecnologia.com.br
on 20 Oct 2014 at 6:21
Original comment by m...@nimbustecnologia.com.br
on 20 Oct 2014 at 6:30
By Amaury Van Espen:
so, one way to do it could be, in the draft feature, offers ability to tell
"50€ #cargas #gasolinestation 50%Voiture 50%Transport 08/08/2015"
then put 25€ in Voiture account and 25€ in Transport account
Original comment by m...@nimbustecnologia.com.br
on 8 Aug 2015 at 1:55
Very useful advice also for analytics expense or income
Original comment by vanespen...@gmail.com
on 8 Aug 2015 at 1:55
I would also prefer to enter a multi account split on one line, not just for tax, but other splits as well and not just on percentage, e.g. 980 @ Walmart ~240 #clothing ~100 #phone credit ~rest #groceries (Hoping bkper could then post 240 to closing, 100 to phone and 640 to groceries)
Original issue reported on code.google.com by
m...@nimbustecnologia.com.br
on 17 Oct 2014 at 5:05