Not registered for GST and then registered for GST

[Ankie55]

We were not registered for GST and then our accountant advised that we now need to so I have changed the settings as registered for GST however on putting in payments for invoices and payments received for the pre gst registration it is asking for a code. Do I go back to settings and put it as not registered until I have reconciled up to the quarter that we are registered for or can I just put in not registered for GST in the GST type?

[Tracey_H · Accepted solution]

Hi @Ankie55 

Thanks for your post. From an Essentials perspective you could record those transactions with the NTR (Not reportable) tax code to exclude them from BAS reporting. However I would recommend checking with your accountant to make sure this is the correct way to handle this for your business.

Please let me know if you need further help.

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