Forum Discussion

JHopwood's avatar
JHopwood
Member
6 years ago
Solved

N-T general journal not showing on GST reports

Hi- I have entered a general journal and selected "display in GST BAS report as: purchase" using the tax code N-T. However, when i create either the GST summary accrual or the GST detail accrual repo...
  • Steven_M's avatar
    Steven_M
    6 years ago

    Hi JHopwood 

     

    The tax code N-T is a not reportable tax code and thus 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.


    In terms of the Display in GST [BAS] reports option in the Record Journal Entry it is a required field for those transactions recorded via this window to denote how AccountRight will display the transaction. However, for those transactions that are only N-T transactions (i.e. all transactions have N-T as their tax code) then that selected option will not impact the GST or BAS reports.

Steven_M's avatar
Steven_M
Former Staff
6 years ago

Hi JHopwood 

 

The tax code N-T is a not reportable tax code and thus 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.


In terms of the Display in GST [BAS] reports option in the Record Journal Entry it is a required field for those transactions recorded via this window to denote how AccountRight will display the transaction. However, for those transactions that are only N-T transactions (i.e. all transactions have N-T as their tax code) then that selected option will not impact the GST or BAS reports.

JHopwood's avatar
JHopwood
Member
6 years ago

Great- thanks for the clarification. Much appreciated. 

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