I have just printed my BAS reports for but there is an error the NCF code

Laurelle Searle
Laurelle Searle Member Posts: 12

The Transaction Detail Report has the Correct amount but the Tax Summary Report is over 2.3 time what it should be. Does anyone how to view what the Tax Summary report is grabbing.

Comments

  • Kris_Williams
    Kris_Williams Member Posts: 3,272 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    I would use the tax liability and the tax summary reports to compare, making sure both are either cash based or accrual based. Depending on your BAS requirement

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,366 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited May 2022

    There’s a common glitch with cash-basis tax detail reports when part payments & discounts are involved due to the system trying to divide by 11 for the GST. However I’ve not ever heard of the summary reports being out before - these are usually always correct 🤔

    Check your date ranges & - as Kris mentioned - your report basis, & also that they’re both displaying in either Net or Gross.

    Lastly, make sure you don’t have any tax codes on non-income/expense transactions particularly wages, personal/drawings transactions, account transfers, repayments, liability payments (super, BAS etc)

    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

    shaz@accounted4.com.au

    https://accounted4.com.au

    (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!)