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I have a general journal entry which shows a share purchase of say $10,000 to an asset account but is N-T for GST purposes. I then have the brokerage component as a CAP amount so I can claim the GST on it (Say $21.95 including $2 GST). This also goes to an asset account "brokerage on Share purchases". For some reason, my Report is showing the Brokerage of $21.95 in the CAP section of the GST Detail report, and again in the N-T section of the report. I would have thought it is in CAP section only? What is wrong here?
The GST Detail report is designed to include every transaction line under the respective tax codes. This will mean that if you had entered a multiple line journal entry with different tax codes on each line then the entry will appear under each tax code.
Thanks Neil_M. I realise this is the case, but the brokerage of $21.95 listed as a "CAP" expense is appearing both in the "CAP" section of the GST Detail report, and then again in the "N-T" section of the report. The actual share expense of $10,000 is the N-T item and is not found anywhere on the GST Detail report - which is not what matters, it's that the same brokerage appears twice in two separate sections.
I’m not aware of any particular issues with that report displaying information incorrectly. That said as each line will only have the one tax code associated with it, I would be going back and reviewing the transaction to ensure that each line has the correct tax code and that there is only one of each line.
It may also be worth changing the tax codes to something else, unique and then checking the report to see if that one transaction updates on the report itself. If it does this may force Essentials to refresh and update in the background