Record GST Payment/Refund

Liability categories are currently available when categorising a bank transaction (Connected Accounts or Solo Money) or when recording expenses, but you are correct that these categories are not available when recording manual income. 

We have raised this with our product team who will be exploring this capability, but I don't have a timeframe or confirmation on this just yet. We will keep you posted as we learn more!

I also highly recommend adding this as an idea here. This will allow other Solmates to vote and add their own feedback, which helps our product team prioritise what to bring next 

😄

No I haven't connected my bank accounts with SOLO. I just started and am still getting use to it. Doesn't it mean that the only way to enter the GST payment/refund is through the bank transaction? SOLO users are not able to enter or edit data recorded under liability?

Hey EYLW​ 

Sorry for the late reply, I promise I wasn't ghosting!
I've been chatting to our product team and our accounting wizards, and it sounds like you are creating a manual income to record this, and currently the liability categories are not accessible via that path. 

They are however accessible if categorising a bank transaction, can I just quickly confirm whether you have connected accounts set up or if you will have to record this manually?

I can see a GST category under liability. My issue is HOW to record. I have a GST refund from ATO. so logically it is a 'Money In'. However, I was only given the items from the Income Category, no GST for me to select.

Hey EYLW​ 

Welcome to team Solo, we're stoked to have you on board!

Recording GST payments and refunds in Solo is easy peasy as Solo has a built in default liability category called GST. So you can use that category for when categorising GST payments or refunds 😊

If you're unsure about what to record and best practices for tax time, it's always a good idea to check with your financial adviser. You can even add them to your Solo file by tapping More -> Share access, and they can view all your data and do any tweaking necessary.