2016 upgrade - Rate adding GST even when Amts inc Tax is ticked
Mike_7205602
Member Posts: 7 ✭
I've just upgraded to Win 10 and my Reckon to 2016 (I have small business edition). I have just created my 1st invoice since the upgrade and noticed the rate for an item (Labour) is $44 instead of $40. i've checked the item set up and nothing has changed - it says includes tax. The invoice has Amounts Include Tax box ticked. I have to untick this to get it to go back the the $40 or type over the rate... When I look at an old invoice it has the correct rate with the Amts incl tax box ticked... Is this something weird or an upgrade bug or is it because I haven't created an Inv since 2.5 and have forgotten how!! Thanks
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Comments
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Hi Mike,
Sounds quite strange, does this happen on only the Labour item or all others as well?
If it's just affecting the Labour item, try going into the Item setup and changing the rate, saving then changing back.
If the problem persists, try resorting your lists.
Let me know how you get on
Cheers
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So if I change the Item (Service item) to GST not NGC - the item will show in the Item List as Price 22.72.... and Gross Price as $25.00 Which is correct for that item. The items I have left as NGC all show as price and Gross price the same (but wrong on the invoice) Should I change all of my service items to GST?
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Hi Mike
Just reading your problem.
The tax code for Income is GST not NCG. Labour should be type Income in the Chart of Accounts if you are invoicing a Customer. This then shows on your P&L as Income not a minus if you have set Income as an Expense.
Shirley Basic Accounting Services
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