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
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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 *
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!)
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