GST on overpayments
Accounts Premier 2017 - Accrual accounting - gst cash basis
When customer overpays and balance is left as credit balance for later use no gst is accounted for on overpayment amount.
Company accountant is insisting gst should be accounted for at time of receipt of money (which of course Reckon doesn't do) anybody else have this issue/found a way to deal with it?
Help much appreciated