Tax Payable account help
I am hoping someone could help me on why my journal entries in Reckon Hosted are posting the GST to Tax payable account and not the Goods and services Tax account like it does when I enter a purchase through Bills?
I have entered Plant and Equipment CAG in the journal entry and the GST portion is going the the Tax payable account on the balance sheet. But If i enter the same entry as a bill the GST portion goes to the Goods and services account on the balance sheet like all my other Expenses and sales. Does anyone know what I have set up wrong?