JOURNAL ENTRIES NOT SHOWING IN BAS REPORT
HI, Hoping for some help on the below query! A new vehicle was purchased and a HP taken out for it. My accountant gave me a journal entry for the set up of the Purchase, GST Paid and repayments of...
Forum Discussion
Hi Heather06
I'm sorry to see that no one has responded to you yet. N-T (Not reportable) is a tax code for transactions that don’t need to be reported at all on your BAS. For this reason, transactional lines marked with that tax code will not appear in the GST-based reports. The exception to that is if is a reportable line on the transaction (i.e. GST), then you will report the N-T portion.
This Help Article on Simpler BAS reporting will give you additional information that you can use as a guide.
Please feel free to post again. I'm happy to assist further.
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