GST not being allocated to Tax Payable account

Debbie Shanley

I have a question about gst. I have just noticed in one of my company files that the gst isnt being allocated to Tax Payable in the General ledger. The income or expense amount in the P&L includes the gst. Guessing my preferences are incorrect?

Shirley Ingle

Hi Debbie Could be a combination of a number of things.

Firstly is GST calculating on your entries. If it is not, then you have in your Preferences you don't have track tax turned on.

Failing that, go to Lists, Tax Item List. What Account is showing for say GST, is it Tax Payable.

If not, then that could be your problem.

Go to Suppliers List, highlight Australian Taxation Office, Edit Supplier, Click on Tax Agency Tab, is Tax Payable showing for the account to track tax on Purchases and Sales. If not that would possibly be the problem.