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activeingredient marked one of stevenbristol's replies in Less Everything as useful. stevenbristol replied to the question "How does LA handle Sales Tax Reconciliation".
activeingredient replied on June 10, 2008 21:06 to the question "How does LA handle Sales Tax Reconciliation" in Less Everything:
Steven,
Thanks for the reply. Any plans to add the recording of tax paid with each expense (and have it show on the Sales Tax report)? I imagine this would be useful to all users. As far as I know, the reporting and paying of sales tax (or GST, VAT) is somewhat universal, not to mention a pain in the butt.
activeingredient asked a question in Less Everything on June 10, 2008 10:53:
How does LA handle Sales Tax ReconciliationIs there an easy way to account for Sales Tax spent when recording expenses? In Australia, if you are registered for GST, you both collect and pay GST and the balance between these two is either payable or accrued (usually payable, unless expenses outweighed income) to the Tax Office. How can LA provide basic reconciliation to determine amount owed and keep the accounts in balance?
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