BAS & IAS Journal

[SUSAN22]

Hello, 

When I record journal entry for BAS & IAS, the journal entry window top - display in GST [BAS] report as 

Sale (Supply) or Purchase (Acquisition)

Could anyone help to clarify which should be selected?

Regards,

Susan

[Tracey_H]

Hi @SUSAN22 

Thanks for your post. If you are recording a BAS/IAS payment or refund you would enter this as a Spend/Receive money transaction. The Help Article, Recording your ATO payment or credit, has detailed information.

If the general journal relates to something else I'd recommend checking with your accountant to make sure the correct option is selected.

Please let me know if you need further help.

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