Hi everybody,

I am new here in this forum and I am using Kmymoney since a couple of days. It is a excellent and useful piece of software but I did not find a detailed describtion how to use the VAT support in Kmymoney. Is there anybody who is able to explain me a little bit more deailed:
1st.: how to implement/use the VAT support
2nd. How to define monthly/yearly reports with VAT and the amount of invoices/incomes with and without VAT
I definded allready a couple of categories with a VAT of 18 % but I am not able to find any use of this.
Thx in advance
Miguel

Hello, have you tried reading this?
http://kmymoney2.sourceforge.net/kde4/o ... s.vat.html

Thanks for your answer. Acually: I did read it, but I don't understand it? It was one of the reasons for my posting.
My doubts about the link are:
Do I have to create new cateories for Vat support? How do I link them to the other categories and what is the meaning of VAT support withing the categories?

I have read the help on vat and been left confused, I'm trying to set-up GST, so if there is anybody out there that could point to some helpful help I would appreciate it.

OK, I try to shed some light on this issue.

To start with you need at least one account (e.g. your checking/current account) and two expense categories (one for the categorization of your net expense and one for the VAT part). This example is for expense categories but the whole thing works the same for income categories as well.

The two categories have to be prepared before they can be used. First select the VAT category and go to the Tax tab. Select the 'VAT category' button to the left. This will show you the VAT percentage widget which you fill with the respective figure. Make sure to select 'Include in tax report' at the bottom. Click OK to leave the dialog. In the categories view this category should now be marked in the tax column and show the percentage in the VAT column.

Next you need to prepare the expense category to tell KMyMoney that expenses of this kind are taxed. Open the category editor for it and select the Tax tab. Mark the 'Enable auto VAT assignment' option and select the previously prepared tax category in the account tree underneath.

With the selection 'gross' or 'net' amount you can select if you want to enter gross or net amount when entering the transaction. Click OK to save the option. The expense category now should have a check mark in the VAT column in the categories view.

Now open the ledger for the checking account. Enter the payee information and select the expense category (not the VAT category). When you now enter the amount, the transaction will be split into two parts: the net expense part and the VAT part. At the same time the category field is changed into a 'split transaction'. Modifying the amount also adjust the VAT automagically.

Hope that helps

Thank You for your help
Well I have followed your instructions and nothing shows up in my GST Categories,could this be because I've already loaded my QIF files before I set all the GST

Hi,
Back again, must apologize for my last post (had a bad night sleep) I simply deleted and then re-did an entry and yes I will have to go back to the start and re-enter the categories so to set the splits for GST.

But at least it works and I have to say that Kmymoney has the best lay-out of all the account progs I've looked at, I do wish it had a Accounts Payable

Thanks again for the help

frogeyes wrote:Hi,
But at least it works and I have to say that Kmymoney has the best lay-out of all the account progs I've looked at, I do wish it had a Accounts Payable

Thank you.

How do you envision the Accounts Payable feature? I am not an accountant nor have I used it. What would be the processes involved in using it?

I will write out my thoughts about the Accounts Payables tonight and post them tomorrow