deposit paid

fiona12345

I have come across 3 deposits paid back in 2013 where the orders were never converted to purchases. Therefore the GST has never been claimed. Any ideas on how I can deal with this to get rid of the amount sitting in the asset account and also to claim the GST?

DuncanS

@fiona12345 @Neil_M 

 

As an Accountant, I reconcile all Balance Sheet accounts every time a quarterly BAS is lodged.

I also understand that a Tax Accountant should be reconciling every Balance Sheet account when preparing the Income Tax Return/Financials.

 

It would be disturbing to me if there are Deposits on the Balance Sheet going back to 2013.

Duncan