GST Detail Report
Hi there, When running the GST Detail Report for calculating our quarterly BAS, I have noticed that in the N-T part of the report, not all our transactions are appearing. The transactions mis...
Forum Discussion
Hi myob11,
Thank you for your post and welcome to the Community Forum.
The tax code N-T is not reportable and thus, transactional lines marked with that tax code will not appear in the GST based reports. The exception to that is, if it is a reportable line on the transaction (GST) then you will report the N-T portion.
In terms of the Display in GST (BAS) reports option in the Record Journal Entry it is a required field for those transactions recorded via this window to denote how AccountRight will display the transaction. However, for those transactions that are not N-T transactions (all transactions have N-T as their tax code) then that selected option will not impact the GST or BAS reports.
I hope this helps. If you need further assistance with this, feel free to post again. We are happy to assist you.
Best Regards,
Cel
Hi Celia,
Thank you for your response, I appreciate you taking the time to try to help. Unfortunately I am still a little confused.
All the transactions that were included in the screen shot are marked with the tax code N-T in their corresponding entries. This is why I'm confused that only one part of the transaction appears in this report.
Even though these transactions do not affect our BAS, when running the report we choose to show all transactions marked N-T to ensure there has not been a mistake in entering data. However, it is not showing all entries, even if they are not reportable. This gets me a little worried that there may be other transactions it is not showing.
As I tried to explain in my first post, if the report is showing all N-T transactions there should be two - a 'purchase' for $8000 then a 'sale' for $8000 but it is only showing one half of the transfer.
I hope I'm explaining properly?
Thanks again