How to enter

[e***@gmail.com]

hi I have an accounting question, on how to enter an item in simply
accounting.
i had purchased a phone for $350 + gst + pst which was entered in
Simply accounting, and got reimbursed by govn't for taxes paid.
Now I sold the phone for $200. So how do I enter this transaction in
simply accounting? Must i account for taxes?
TIA

[e***@gmail.com]

Post by e***@gmail.com
hi I have an accounting question, on how to enter an item in simply
accounting.
i had purchased a phone for $350 + gst + pst which was entered in
Simply accounting, and got reimbursed by govn't for taxes paid.
Now I sold the phone for $200. So how do I enter this transaction in
simply accounting? Must i account for taxes?
TIA

Any accountants in this group??????

[Chris Gunn]

Post by e***@gmail.com

Post by e***@gmail.com
hi I have an accounting question, on how to enter an item in simply
accounting.
i had purchased a phone for $350 + gst + pst which was entered in
Simply accounting, and got reimbursed by govn't for taxes paid.
Now I sold the phone for $200. So how do I enter this transaction in
simply accounting? Must i account for taxes?
TIA

Any accountants in this group??????

Howdy,

There are some. I have no idea how many and they may not check the
newsgroup more than once a week or a month. They normally only answer
messages they have good answers for. I am a programmer and Webmaster
myself.

It depends on what you are trying to account for. Are you trying to track
the exact cost-of-goods and profit/loss for each item? Or simply keep track
of general cash flow?

Thanks, Chris www.bizynet.com and www.bizycart.com
BIZynet Coordinator ***@bizynet.com - [phone]
Moderator of biz.ecommerce, biz.general, biz.marketplace.discussion,
biz.marketplace.web-design, biz.marketplace.international & others