Small business (unregistered for GST) and need to record the GST in supplier invoices
Options
Shane Crozier
Member Posts: 3 ✭
Hi -
New to Reckon One and needing to know how to record the GST component of supplier invoices, doesnt seem to be a way to do it unless we select "Register for GST" - our turnover is likely to be less than required to registere....
I would have added an item to a non-current liability a/c but not sure how Reckon works under the hood.
New to Reckon One and needing to know how to record the GST component of supplier invoices, doesnt seem to be a way to do it unless we select "Register for GST" - our turnover is likely to be less than required to registere....
I would have added an item to a non-current liability a/c but not sure how Reckon works under the hood.
0
Comments
-
In MYOB there was INP which stood for input tax so you used that code. Look for something similar in reckon with 0% tax so it doesn't calculate as a tax you have to pay. But I'm not really sure how reckon games it. Google reckon input tax and see what they suggest.0
-
Hi Shane
(Unless Reckon One is different to Reckon Accounts/Hosted) ….. if you’re not GST-Registered, you just post the whole of the Supplier invoice to the relevant Expense/COGS account. The GST component is only reflected if you yourself are also GST-Registered
Shaz Hughes Dip(Fin) ACQ NSW, MICB
Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)
Accounted 4 Bookkeeping Services
Ballajura, WA
0422 886 003
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
(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!)
0
Categories
- All Categories
- 6.9K Accounts Hosted
- 11 📢 Reckon Accounts Hosted - Announcements
- 6K Reckon Accounts (Desktop)
- 3 📢 Reckon Accounts Desktop - Announcements
- 1.2K Reckon Payroll 🚀
- 21 📢 Reckon Payroll - Announcements
- 21 Reckon Payroll Help Videos 🎥
- 21 Reckon Mate App
- 3.1K Reckon One
- 7 📢 Reckon One - Announcements
- 11 Reckon Invoices App
- 14 Reckon Insights
- 114 Reckon API
- 830 Payroll Premier
- 326 Point of Sale
- 2K Personal Plus and Home & Business
- 74 About Reckon Community