Topic: How to setup suppliers for different projects & How to deal with tax?

Hi,

I tried several accounting systems online, I'd say this is the best one from the point of installation and initial usage. But I'm not an accountant, while working on it I always have questions about how the system would work, for example the work flow of tax calculation.

Here are the questions I have right now:

1. how to setup or get report on suppliers for different projects:

I could have several project going at the same time and I purchase material or labour from different suppliers. GL accounts are setup by project, for example 10000 material cost under GL group Project 1 Cost, 20000 material cost under GL group Project 2 Cost. Project 1 and 2 each has it own checking account.

When adding supplier, the account payable is setup to 10000, so when I do payment to this supplier, project 1 checking account got credit and 10000 material cost account got debit.

But what if I want to pay the material cost for 20000 material cost for project 2? How can I get the payment report for each supplier for each project to calculate the total project cost?

2. how to calculate tax:

Since my transactions are so straight forward, I just purchase something and get someone install them and pay it, I don't care where the item is and the inventories, so the payment to supplier is used every time when I get an invoice and pay it. I don't see any where that will show the tax amount.

Are there anything wrong with the process? Do I have to do the inventory first to get the tax calculated?

Thanks,
Grace

Re: How to setup suppliers for different projects & How to deal with tax?

Please either use the demo to see how this can be done. You can also look at the Wiki. There are links from our Website.

/Joe

Re: How to setup suppliers for different projects & How to deal with tax?

Thanks for the reply. I did check the wiki and the forum, but still couldn't find the answer. There are not much about supplier section in wiki. I will check the demo sometime today. As I'm not an accountant (I'm a system analyst actually), probably some easy concept you all know is still mystery for me.