workcover refund (how to enter the gst part )

Julie Wearing

received a refund cheque from workcover.  I have tried to enter this as make deposit, but this way is not allowing me to record the gst part of the refund 

Charley

Sales receipt

Linda ABC

Charles is right Julie - you need to enter this as a Sales Receipt... or if you are on accruals and want to show the reduction in fee in the previous financial year - then do a Tax Invoice for 30 June, then receive the payment against it on the correct date.

Julie Wearing

Sorry if I'm appearing a bit thick the accountant who set up my Chart of accounts has put workcover as a supplier does it make any difference if I set them up as a customer too?

Linda ABC

perfectly fine to have them in there as both - just put a . after the name - as they cant be exactly the same.  

Jacqui Allen

No need to set the supplier up as a customer.
Simply use the deposit slip and allocate to "Accounts Payable", then raise a Bill Credit, be sure to allocate the correct GST amount. Then go to pay bills and assign the bill credit to the deposit.