How do I adjust the tax for items applicable for GST only?

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GabbyLambkin
GabbyLambkin Member Posts: 6 ✭
edited August 2019 in Reckon One
There are some bills that I am needing to enter just GST applicable items.  Therefore, not the full 1/11 of the gross amount equates to the full GST.  The tax code I have been mainly utilsing is NCG, however this will not allow me to adjust it.  When I do, the gross amount is affected.  What suggestions do you have?

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  • Qwerty
    Qwerty Member Posts: 261 ✭
    edited March 2017
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    Hi GabbyLambkin,


    I'm not sure if I fully understand the question however Reckon One does allow you to modify tax amounts.


    Say you are wanting to enter just the tax only portion (e.g. gross amount = $110.00, net amount = $100.00 & tax amount = $10.00), please try the following...


    1. Ensure you have enabled the following two options in the Tax settings screen 

    - Allow tax amounts to be edited

    - Allow users to choose whether or not amounts include tax

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    2. Create a new bill & in the Amounts field select Net (Tax Exclusive)

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    3. If using an account row/line in the bill, ensure the Amount specified is $0.00, the applicable tax code (e.g. NCG) is selected, then manually enter in the applicable tax amount

    or

    If using an item row/line in the bill, ensure the Item price specified is $0.00, the applicable tax code (e.g. NCG) is selected, then manually enter in the applicable tax amount

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  • Qwerty
    Qwerty Member Posts: 261 ✭
    edited December 2016
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    Kevin is correct :)
  • GabbyLambkin
    GabbyLambkin Member Posts: 6 ✭
    edited February 2015
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    Awesome!  Thank you for your assistance.
  • Qwerty
    Qwerty Member Posts: 261 ✭
    edited March 2017
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    After reading Kevin's reply & then re-reading your question, this reply might be a bit more relevant than my first reply. Kevin's response is correct. Another option available to you, say your bill total is $110.00 however the tax amount shown on the bill doesn't calculate exactly to an eleventh of the gross total. Say your bill shows a different tax amount (e.g. gross amount $110.00, net amount $100.25 & tax amount $9.75). If for some reason you need to enter this scenario using only a single line in the bill (& assuming that you have completed steps 1 & 2 listed in my previous reply above), you can enter the net amount followed by the applicable custom tax amount.

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