GST Tax Detail Report & Cash & GST Tax Liability Report do not agree

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JO-ANNE_7327707
JO-ANNE_7327707 Member Posts: 264 ✭✭✭
edited April 16 in Accounts Hosted

GST Tax Detail Report & Cash & GST Tax Liability Report do not agree.

Am I missing something?

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  • Acctd4
    Acctd4 Accredited Partner Posts: 3,437 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    Are their mixed tax code or credit lines in any transactions? If so, this is common on a Cash basis because the Tax Detail report is trying to split the GST at 10% across every line so it gets skewed. (In some lines, you can find the GST displays as MORE than the actual net amount!)

    The summary reports are the ones to rely on (eg the Tax Liability or The Tax Summary). I just use the detail one to check specific transaction codes ☺️

    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!)

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