I am in the process of switching from a very old version of simply accounting(which has served me well for 20 years) to Manager.
In setting up accounts, I am trying to set up Gst the same as it was in simply accounting.
Under liabilities it showed up as “Gst charged on sales” first, then under that was “Gst paid on purchases” and then below that was “Total Gst owing/refund”, which was the result of subtracting “Gst paid on purchases” from Gst charged on sales.
A quick glance at The balance sheet would tell me each quarter, how much Gst i had to submit.
How do I get Manager to do the same? Obviously “Gst charged on sales” is a liability, but how do i get that account to subtract “Gst paid on Purchases” and give me a total?
Is this even possible?
thanks for your help