GST Tax Detail Report & Cash & GST Tax Liability Report do not agree
JO-ANNE_7327707
Member Posts: 334 Reckon Star
GST Tax Detail Report & Cash & GST Tax Liability Report do not agree.
Am I missing something?
0
Best Answer
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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
(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!)
2
Answers
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Thanks Shaz, that makes sense.
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