Forum Discussion

AlanT's avatar
AlanT
Ultimate Partner
6 years ago
Solved

Client who does not need to register for GST

Hi All,   Just after some opinions here, I have a new client (sole trader, ABN registered but very small turn over and not registered for GST) that I am setting up on AccountRight Basics. As they a...
  • AlanT's avatar
    AlanT
    6 years ago

    Hi All,

     

    Thanks for your opinions.  I ended up changing all the accounts in the chart to N-T, which was a pain and took a lot of time.  Fingers crossed that the client does not soon register for GST and I have to change them all back, but if I do need to, I will probably export the chart of accounts as a csv file and update it in Excel then import it back in.

     

    It is disappointing that AccountRight does not have the option to set the business as not registered for GST.

     

    My original thoughts about just setting the GST amount to 0% is probably what I would do if this situation arises in the future.

     

    Regards,

     

    AlanT

AlanT's avatar
AlanT
Ultimate Partner
6 years ago

Hi All,

 

Thanks for your opinions.  I ended up changing all the accounts in the chart to N-T, which was a pain and took a lot of time.  Fingers crossed that the client does not soon register for GST and I have to change them all back, but if I do need to, I will probably export the chart of accounts as a csv file and update it in Excel then import it back in.

 

It is disappointing that AccountRight does not have the option to set the business as not registered for GST.

 

My original thoughts about just setting the GST amount to 0% is probably what I would do if this situation arises in the future.

 

Regards,

 

AlanT