Forum Discussion

JW007's avatar
JW007
3 years ago

P&L Reports & GST

Hi,   Does anyone know why when generating P&L reports its shown ex GST?   How do I change it to include GST?   Thanks.   Jason.
AlanT's avatar
AlanT
Ultimate Partner
3 years ago

Hi JW007 

 

If your business is registered for GST, then the PnL should be exclusive of GST.

 

GST is collected on behalf of the government and is therefore not part of your turnover.  As you receive a credit for any GST you have paid with your purchases, it is also not an expense.

 

Best regards,

 

AlanT

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