GST Exclusive Amount on invoice line
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Bernard Bailey_8764843
Member Posts: 2 ✭
Hi team,
I just started with Reckon One, so now I am finding out what I don't know.
I have always invoiced professional services with the following columns:
[Description ][ Qty ][ Rate ][ GST$ ][ Amount]
Database consulting services 10 150 225.00 1500.00
[ GST$] is the amount of GST due on the GST exclusive [Amount] value
The [Amount] is the result of [Qty] X [Rate]
I tried all the templates and I cannot get anything to match. I particularly do not want the [Amount] column to show a GST inclusive value.
All assistance is appreciated.
I just started with Reckon One, so now I am finding out what I don't know.
I have always invoiced professional services with the following columns:
[Description ][ Qty ][ Rate ][ GST$ ][ Amount]
Database consulting services 10 150 225.00 1500.00
[ GST$] is the amount of GST due on the GST exclusive [Amount] value
The [Amount] is the result of [Qty] X [Rate]
I tried all the templates and I cannot get anything to match. I particularly do not want the [Amount] column to show a GST inclusive value.
All assistance is appreciated.
0
Comments
-
10 Nov 2016
Hi Bernard,
Are you an NZ user? I noticed the GST portion in your example is 15% (GST in AUS is currently 10%).
If you are an NZ user then try this.
1. Select the Administration menu (the cog icon top right) > Settings > GST settings > General
2. You will see the page below.
a) Update the 'Default sales figures' setting from 'GST inclusive' to 'GST exclusive'.
b) Optional: You may also enable the option 'Allow uses to choose if amounts include GST'. Once this option is enabled the invoice form will have an additional option in the header sections that will allow you to toggle the invoice form between showing exclusive amounts & inclusive amounts.
3. Create a new invoice & notice that new invoices moving forward now default to displaying GST exclusive amounts.
I've included a screen shot below using your example with an invoice showing showing GST exclusive amounts
4. If you enabled the toggle option then you can also toggle existing open invoices from showing GST inclusive amounts to GST exclusive amounts.
0 -
Thanks Qwerty for responding so quickly.
I figured out the only way to get a Rate to pop up was to load an Item called Rate and that meant I could get Qty * Rate on the line.
I would like to change the label in the invoice print output from 'Item Price' to 'Rate'. Is that possible?
Or is there some other way that is n ot documented ?
Chrs Bernard0
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