1B does not equal GST reclaimed on Tax liability report

Broni K Beerling
Broni K Beerling Member Posts: 32 Novice Member Novice Member
edited July 2020 in Accounts Hosted
Tax liability report shows GST reclaimed as $77000 but BAS 1B is showing $73000 

Comments

  • John Graetz
    John Graetz Member Posts: 1,655 Reckon Star Reckon Star
    edited July 2020
    Hi Broni

    Are the both reports running on the same basis i.e. are they both reporting as Cash Accounting or Accrual Accounting or is one of them Cash and the other Accrual?
    John L G
  • Broni K Beerling
    Broni K Beerling Member Posts: 32 Novice Member Novice Member
    edited July 2020
    found that the gst paid on importing goods through customs is not showing on the BAS 
  • Broni K Beerling
    Broni K Beerling Member Posts: 32 Novice Member Novice Member
    edited December 2017
    both accrual
    I am out around $4400 which is NCG100% - when we import goods we pay gst and have always used this account when using REckon over the last 7 years, without a problem - for some reason the simplied BAS is not picking it up ?

  • Broni K Beerling
    Broni K Beerling Member Posts: 32 Novice Member Novice Member
    edited December 2017
    reckon is not picking up the tax code that we have used for 7 years ?

  • John Graetz
    John Graetz Member Posts: 1,655 Reckon Star Reckon Star
    edited December 2017
    Hi Broni

    Go to the BAS that you are running and then click on the third tab across the top ?Debits and Credits.?  Then click on the ?1B? button against ?Credits for goods and services tax paid.?  This will tell you which items you have selected to report GST that you are wanting to claim back.  Ensure that you have got everyone ticked that you need to tick, including the specific one that you used to include.  The likelihood is that you have missed ticking one.
    John L G
  • Broni K Beerling
    Broni K Beerling Member Posts: 32 Novice Member Novice Member
    edited January 2018
    I have all of these ticked including the NCG100 code which we use for import duty. BAS is not picking this up ?
  • John Graetz
    John Graetz Member Posts: 1,655 Reckon Star Reckon Star
    edited July 2020
    Broni.  Give me a ring on 0428 695454 and I might be able to help you.
    John L G
  • DebR
    DebR Member Posts: 17 Reckoner Reckoner

    I'm having a similar issue - @Broni K Beerling - did your end up getting sorted? @John Graetz ?

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,747 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Hi @DebR

    Is yours also in relation to customs GST ? If so, I have a guide I've written up on how to correctly manage these transactions. Happy to send it through to you if you'd like to shoot me an email direct 😊

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • DebR
    DebR Member Posts: 17 Reckoner Reckoner

    I don't believe so, as we don't import items. However, we did have one recent transaction (will need to check if it was in the timeframe Im currently working on) that may have included customs GST. I'll message you directly to get a copy - thank you!!

  • DebR
    DebR Member Posts: 17 Reckoner Reckoner

    Okay, so this is still not correct. I've contacted the Reckon support Desk and they weren't able to figure it out either. Normally this matches up perfectly, but for some reason, no matter what I do, I can't get these figures to balance. This is so frustrating!! :(

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