Record GST payments to ATO
How do I record payments to the ATO for the GST I have collected from sales? There appears to be a GST (Balance) category where all of the GST amounts are automatically recorded. But I can’t make...
Forum Discussion
Hi simoncasey,
In this type of query, we recommend reaching out to an accountant for an accurate answer. But to give you an idea, you can use a "Spend Money" transaction allocating each BAS field (e.g., GST paid) to a liability account (e.g., GST Paid). You can also visit this help page for more information: Recording ATO payments and credits
Regards,
Earl
Hi Earl
i think you may have misunderstood my question. I understand how to do this from an accounting perspective - I just can’t see how to do it in Solo.
