Hello,
I am a new PT users in Canada. I am having a problem recording GST on Vendor invoices. (Goods and Services Tax is similar to VAT).
I have searched various newsgroups for help with this, but haven't found a solution as yet. Hoping someone has come across this and can help.
When recording Vendor invoices the only way we have found to record the GST tax is as a seperate line item (as if it were another item ordered on the invoice). This is fine I suppose; however, when entering a large volume of invoices it can really slow you down. Other software I have used in the past (such as Simply Accounting) can be configured to automatically calculate the GST (and other sales taxes) based on the sub-total.
Has anyone discovered a way to do this with PeachTree?
Thanks in Advance, Kyle