Tax summary and tax detail report

Hi,

Client is using Reckon Accounts Hosted desktop. I am running tax reports for September quarter.

My Tax liability and tax summary reports give me the same amount payable.

Tax detail reports has a different amount payable.

GST on sales is the same on all three reports. The discrepancy is in the GST on purchases. Tax detail report has a lot higher amount for GST on purchases than tax summary and tax liability reports.

I have run all three reports on the same basis (cash) and for the same period.

Anybody has run into the same issue?

Thanks, Maria

Comments

  • Acctd4
    Acctd4 Accredited Partner Posts: 1,811 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    Hi Maria


    Yes, this is a known issue that happens when there are negative &/or mixed line tax codes in a transaction. It is due to the system trying to breakdown the 10% across multiple/conflicting lines. Disregard the detail reports in these scenarios as the summaries aren't affected by this issue & will be correct 😁

    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 *

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    (NB: Please mark your post as Accepted Answer/Answered if I have been able to resolve your query as this helps others when seeking solutions!)
  • SuperCA
    SuperCA Member Posts: 1

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