Solved
Assigning Bank Feed Spending for GST of 100% (ie ONLY GST) in AccountRight
Paypal are now charging GST as a seperate line item. My bank feeds now have a transaction for the purchase and a seperate transaction for the GST at 100%. Does anyone know how I can code this to appear on the GST report correctly.
Hi saquilliam
Enter a Spend Money for the amount of the fee. Make it GST inclusive, and record the first line to your expense account for 11 times the fee and Tax Code GST.
Enter a second line also to the expense account for negative 10 times the fee with N-T code.
EG for a $10 Fee
6-xxxx Pay Pal Fees 110.00 GST
6-xxxx Pay Pal Fees -100.00 N-T
Alternatively make it GST Exclusive, and enter the first line as positive 10 times the fee, GST as the code, and the second line as above.
