GST on sales negative
Hi the GST on sales in my BAS report is showing as negative. Everything else looks normal. Why would this be and where do I start trying to solve this issue?
Forum Discussion
1 Reply
Hi honeyfarm,
Thanks for explaining this. The issue appears to be that the sales transactions are posted to Cost of Sales accounts. This can cause negative amounts to appear under Purchases instead of GST on sales. For future transactions, use an Income account with the correct GST code. Changing the GST code alone may not change the report classification. Please have your accountant review any historical BAS adjustments before changing the account setup.
If the issue continues, reach out to our live chat support through our virtual assistant, MOCA, or submit a case via My Account with an example transaction so we can further look into this.
Regards,
Sai
