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So that you pick up both the income and the expense in an Amex transaction you need to receive payment or receive money for the total amount that is given in the text line of the bank statement to Undeposited Funds.
You then do a spend money for total amount from Undeposited funds with two lines.
Line1 to Bank for the amount that went to bank N-T
Line 2 to Merchant Fees GST
that means the total Amex amout recevied will be included in the G1 of the BAS statment. And Amex Expenses will be included in the G11 of the Bas Statement
Friday - last edited Friday
I should have explained. if you are receving payment the for an invoice the GST will be picked up by the closure of the invoice. If this a receive money for say a retail payment then you need to allocate it to sales in the Undeposited funds. So total amount hits Sales with GST (Collected) and the expense then goes to Merchant fees with GST (Paid).