Chart of Accounts - Tax Liabilities sub accounts not recording

EmilyEmily Member Posts: 9
edited September 2019 in Accounts Business Range

Hi all, I am new to Reckon Accounts Premier 2017 addition and have come across a problem I am unsure of how to fix.

In the Chart of Accounts - the Tax Liabilities are not distributing into sub accounts:

- GST Tax collected

- GST Tax Paid

- Income Tax Liabilities

Can anyone help me fix this so the software is recording the figures to the correct places?


  • ZappyZappy Accredited Partner Posts: 4,460 ✭✭✭
    edited August 2019
    Good afternoon. In Reckon 2017 there are no sub accounts for GST.  Payg withholding is not a sub account either. You are most welcome.

  • EmilyEmily Member Posts: 9
    edited August 2019
    Thank you Kevin- So you are telling me that the main heading of Tax Liabilities is the only area that will record our GST paid and collected, giving us a running total. So, even after our accountant made the sub headings of Collected and Paid we can not instruct the program to place the GST into the appropriate sub heading. 
    If this is the case, can the program report on GST collected and GST paid separately. We have an error that we are trying to find and really need to see these figures separately for each month. 
  • Glenda VealeGlenda Veale Member Posts: 178
    edited June 2018
    Try the tax details report from the Manage Tax box

  • Kerryn SwarbrickKerryn Swarbrick Member Posts: 4
    edited January 2018
    Tax Liability Report is the easiest way to check the breakdown of the GST Liabilities, I setup Payg Withholding Liability and Superannuation Liability accounts and link these via the Payroll items to give clarity for the Balance sheet reconciliation also.

  • ZappyZappy Accredited Partner Posts: 4,460 ✭✭✭
    edited January 2018
    Emily if your Accountant doesn't know how to use Reckon that is a problem. The GST collected and the GST paid are easily discernible from the Tax Liability report. Call me if you need help with this. 0407744914
  • Acctd4Acctd4 Accredited Partner Posts: 890 ✭✭✭
    edited September 2019

    Hi Emily

    Reckon automatically creates a default "Tax Payable" account (for GST) if you select yes for being GST-registered in the setup wizard.

    If preferred, you can choose to break this down into paid & collected subaccounts by creating them & configuring via the "Tax Agency Info" tab under your "Australian Taxation Office" Supplier record (Make sure you have the "Supplier is a Tax Agency" checkbox ticked) 

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    Reckon Accredited Partner (AP) Bookkeeper * Regd BAS Agent (No: 92314 015) *

    ICB-Certified Bookkeeper * Seasonal Tax Consultant since 2003

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    0422 886 003

    [email protected]

Sign In or Register to comment.