nav[aria-label="Primary Navigation"] { padding: 0; & ul { list-style: none; width: 100%; display: flex; flex-direction: row; justify-content: start; align-items: start; gap: 30px; padding: 0; & li { margin: 0; } & ul li { list-style: none; } } }

Assigning a tax code to deposits

shanco

Hi , my template for deposits does not include a tax code choice or any tax at all. Can this be added? If so, how?

Lisa

Comments

Bruce

not needed.

Any money coming in with GST in should be be from either:

receive payments (where an invoice, incl GST, have already been created), or
create sales receipts where you record the sale and GST at the same time

shanco

I do the deposit instead of an invoice, sounds like I should have been doing a sale receipt instead of a deposit do you think? Any idea if i can add a tax code somehow without redoing the whole year?

Bruce

Lisa

Absolutely you should have been doing a sales receipt or invoice.

Without having seen exactly have a processed your deposits, a possible suggestion would be to do bulk journals matching your BAS reporting periods and:

credit the total GST that you have charged to your Tax Control (GST Liability) account, and
debit the total GST charged to whatever income line you have been using for your deposits

PS How have you been doing your BAS statements?

unknown

This content has been removed.

Reckon Accounts Hosted Announcements & Important Info

Check out the latest important info & announcements for Reckon Accounts Hosted

Button

View all Reckon software categories 🗃️

Each Reckon software has its own dedicated category on the Community. Click below to browse all categories.

Explore all categories