Recording overseas purchases

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Elisha Shadwick Manion
Elisha Shadwick Manion Member Posts: 6 ✭
edited August 2019 in Personal Plus and Home & Business
We have a small gym and have recently purchased a small amount of stock items from overseas (paid using PayPal), we do not use a Customs Agent.   At this stage we do not have POS availability in Reckon Hosted (using another provider).   How do I record the transaction for purchase of stock and freight costs to allow for the 10% GST levy on the landed cost of goods & payable to ATO please?   Anne

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  • Elisha Shadwick Manion
    Elisha Shadwick Manion Member Posts: 6 ✭
    edited August 2019
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    Hi Kevin, I have not paid any GST at this time and we did not use a customs agent. We purchased direct from and paid direct to supplier.
  • Elisha Shadwick Manion
    Elisha Shadwick Manion Member Posts: 6 ✭
    edited October 2017
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    Hi Kevin
    No GST paid, goods only purchased recently.  We are going to purchase a few small stock items from time to time and I just don't want to do the wrong thing if GST is payable on the Aust$ for landed goods. 
    Also, please excuse my ignorance but I don't know what the QED in your reply stands for.

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