Forum Discussion

Bob99's avatar
Bob99
User
4 years ago
Solved

Invoice Received with incorrect GST

I have received an invoice that has the incorrect GST. Purchase Amount 1,050.31, GST 105.04 I did try and resolve this last year to no effect (this is an annual renewal and it has been repeated this...
  • Tracey_H's avatar
    Tracey_H
    4 years ago

    Hi Bob99 

     

    Thanks for your post. Those rounding differences are the caused by how the supplier's software handles rounding and how many decimal places are used for items. If you want to enter the purchase tax exclusive you can manually changed the GST amount by clicking on the Tax zoom arrow and manually changing that value. This will ensure the values on the supplier invoice match what you record:

     

     

     

    When it comes to your BAS, you don't report cent amounts, all BAS fields are rounded to the nearest dollar. This means that you'd have to record a lot of invoices with cent differences to have a significant impact on your BAS. 

     

    If you are concerned about these rounding differences I would recommend speaking to your accountant.

     

    Please let me know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Tracey_H's avatar
Tracey_H
Former Staff
4 years ago

Hi Bob99 

 

Thanks for your post. Those rounding differences are the caused by how the supplier's software handles rounding and how many decimal places are used for items. If you want to enter the purchase tax exclusive you can manually changed the GST amount by clicking on the Tax zoom arrow and manually changing that value. This will ensure the values on the supplier invoice match what you record:

 

 

 

When it comes to your BAS, you don't report cent amounts, all BAS fields are rounded to the nearest dollar. This means that you'd have to record a lot of invoices with cent differences to have a significant impact on your BAS. 

 

If you are concerned about these rounding differences I would recommend speaking to your accountant.

 

Please let me know if you need further help.

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.