P&L Reports & GST
Hi, Does anyone know why when generating P&L reports its shown ex GST? How do I change it to include GST? Thanks. Jason.
Forum Discussion
Hi JW007
If your business is registered for GST, then the PnL should be exclusive of GST.
GST is collected on behalf of the government and is therefore not part of your turnover. As you receive a credit for any GST you have paid with your purchases, it is also not an expense.
Best regards,
AlanT