error message"you must specify a tax agency for the tax aaccount

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LynnP
LynnP Member Posts: 4

I am posting a general journal entry I get the above error messaage and dont know how to fix it. Any ideas ?

Answers

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,405 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    Hi @LynnP

    You need to have Australian Taxation Office selected as the Tax Agency in your Tax Preferences

    What is it that you’re trying to do ?

    It’s usually not ideal to post to the GST account directly as this doesn’t flow through into the BAS 😬

    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!)
  • LynnP
    LynnP Member Posts: 4
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    Hi Thank you for answering. I am posting General Journal entries to bring the accounts back into order from a few years, as per accountants list to post. The Australian Taxation Office is selected as the Tax Agency in my Tax Preferences.

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,405 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited June 2023
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    Check that is is also selected in the Supplier record:


    Most accountants do NOT understand that the GST is driven by tax codes in this program 🙄 Changes to this account will still mean your BAS lodgments & Tax Reports will not match!

    (Similarly, you should not be posting any GJs to the PAYGW or Super accounts either as these will NOT match your Payroll 😬)

    However, it is possible - though as I said, NOT recommended - to post to the GST Payable account. This should only be done to bring the account into line with your (correct) BAS lodgments. Are you able to post a screenshot of the specific GJ you are trying to enter ?

    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!)
  • LynnP
    LynnP Member Posts: 4
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    Yep, the Supplier info is correct. Attached is the screen shot of the transaction.

    Appreciate your help. Cheers

  • Rav
    Rav Administrator, Reckon Staff Posts: 15,387 Community Manager Community Manager
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    Hi Sandra,

    I've found a help guide in relation to that error message which I'll link below. Although it refers to a different screen than the General Journal screen, does the same solution outlined the guide help at all?



    ℹ️ Stay up to date with important news & announcements for your Reckon software! Click HERE for more info.

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,405 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    @LynnP I would also be asking the accountant why he is wanting those postings as 3 of those lines appear to be Payroll Liabilities which should be adjusted via the Adjust Payroll Liabilities window (you can elect to affect or not affect these accounts there) in order to maintain the accuracy of your Payroll figures! 🤦

    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!)
  • LynnP
    LynnP Member Posts: 4
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    Thank you I have forwarded this info onto our accountant.

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,405 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    Options

    @LynnP You also need to advise him that RA/RAH automatically rolls over the FY net profit to Retained Earnings too 😊

    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!)