'GST Report for Activity Statement' doesn't match 'GST detailed report'

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Contributing Cover User Oakey
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'GST Report for Activity Statement' doesn't match 'GST detailed report'

Hi

 

I am running the following reports:

 

  1. GST Report for Activity Statement
  2. GST detailed report

Both reports provide different figures for G11 yet the figure for 1B match. 

 

Can anyone explain.

 

Thanks

 

Oakey

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Ultimate Partner Geoff_
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Re: 'GST Report for Activity Statement' doesn't match 'GST detailed report'

Hi Oakey

 

Just a thought do you have both reports set as "Cash"?

Geoff
Busselton Bookkeeping Service
MYOB Bookkeeping Partner, BAS Service Provider
Phone 08 9754 7680
Ultimate Partner jenniek
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Re: 'GST Report for Activity Statement' doesn't match 'GST detailed report'

 Hi @Oakey

Is it a rounding issue? As long as the actual GST Collected and GST Paid match exactly, then it is fine.

 

Regards,
Jennie Kingma
JK Business Systems Ltd, Hamilton, NZ
Email: jennie@jkbusiness.co.nz
Ultimate Partner DuncanS
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Re: 'GST Report for Activity Statement' doesn't match 'GST detailed report'

@Oakey @Geoff_ @jenniek

 

As Geoff mentions, check the GST reporting method is the same

Check the date range is the same on each report.

 

I understand that G11 includes expenses that do not have GST eg office supplies where milk and coffee where purchased. Some Accountants would use N-T but the ATO prefers a tax code that includes the amount at G11.

My recollection is that a simplified BAS will commence on 01 July 2017 and G10 and G11 will no longer be included.

 

It is important to reconcile the GST Reports to the GST Collected and GST Paid on the Balance Sheet each time a BAS is lodged. The same applies to PAYG - W and Super that the Payroll Reports are reconciled to the Balance Sheet.

 

Hope this helps.

 

Duncan

Duncan Smith
Business Advice + Tax
Helping business owners build a better business since 1998
E expressgst@optusnet.com.au T 02 9904 3672 7 days
Contributing Cover User Oakey
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Re: 'GST Report for Activity Statement' doesn't match 'GST detailed report'

G'day Geoff

 

yeah mate both set to Cash

 

Oakey

Contributing Cover User Oakey
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Re: 'GST Report for Activity Statement' doesn't match 'GST detailed report'

Hi Jennie

 

Not it is not a rounding issue the G11 amounts differ by approx. $5k

Contributing Cover User Oakey
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Re: 'GST Report for Activity Statement' doesn't match 'GST detailed report'

Duncan

 

You are correct, thanks.

 

Oakey

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