Re: Help me to see the obvious

["David Tangye" <..hidden..>]

On Feb 2, 2008 8:42 AM,  <..hidden..> wrote:

I have various taxes accumulating in liability accounts 2210 and 2215.
 The time has come for me to send some of this money to the gub'mint
and thus reduce my liabilities.  I have created a creditor record for
the government department in question.  However, if I go to create an
AP transaction, I don't have the opportunity to select any liability
accounts.

What I want to do is to write a cheque and record in LedgerSMB that I
have decreased the liabilities recorded in these two accounts.  How do
I do it?

I run sql-ledger, but unless i missed something, I do not think this is different under LSMB:

In your Chart of Accounts, try selecting the check box "Expense/Asset" under "Include in drop-down menus" for the account.

I do it a different way. I just do a GL transaction CR bank, DB liability accounts (GST collected, GST paid (which you might have set up as an asset of liablility account - I do not think it really matters - I know of arguments for each way.)).