Re: booking taxes when invoice is paid

On Fri, Feb 19, 2010 at 2:00 PM, Bert Vorenholt <..hidden..> wrote:

The method needed by Janeks is called "cash based accounting". The method used by LSMB is called "accrual basedf accounting". I don't know if LSMB has an option to do it "cash based". When in searched the net on "accrual accounting", the first hit actually explains quit well the difference and the pro's and con's: http://www.allbusiness.com/accounting-reporting/methods-standards-cash/1308-1.html

Bert

On Fri, Feb 19, 2010 at 19:37, fred blauer <..hidden..> wrote:

When are the goods delivered, or the services provided? What you are doing might not be correct from an accounting and tax point of view, depending on where you are and what the circumstances are.
Otherwise, you have to create the sale when it is paid:
dr bank
cr revenue
cr sales taxes

On Fri, Feb 19, 2010 at 10:15 AM, Janeks <..hidden..> wrote:

Hi!

Is this possible in LedgerSMB:
Currenty the taxes (f.ex.VAT) are booked in when invoice is created.
But I need so that taxes are booked in when an invoice is paid.

Janeks

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