How I can charge GST on Journal Entries ?
Cindy_9643648
Member Posts: 3 Novice Member 
Hi
When we make a journal entry If the amount is included with GST, how can I assign the tax amount on the transaction?
When I make journal entry If I put the tax code of NCG (which is the same code when we enter bills-GST paid) on tax column, it goes into different account which is not activated as an account.
How can I fix the connection problem of between Tax Code and the GST paid figure showed on the B/S ?
Because it takes time if I make bills and pay when I apply GST. It would be faster if I can apply GST on the journal entry.
When we make a journal entry If the amount is included with GST, how can I assign the tax amount on the transaction?
When I make journal entry If I put the tax code of NCG (which is the same code when we enter bills-GST paid) on tax column, it goes into different account which is not activated as an account.
How can I fix the connection problem of between Tax Code and the GST paid figure showed on the B/S ?
Because it takes time if I make bills and pay when I apply GST. It would be faster if I can apply GST on the journal entry.
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Comments
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Why are you using general journals? Why arent you using the cheque book? I put tax codes on journals all the time but you dont need to use journals. The tax paid will always go to the gst control account. Thats the way it works. Again you dont need journal entries. When you enter bills you just enter the tax code. It will track the gst paid. Call me if you get stuck Kevin 04077449141
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My thoughts exactly!1
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But if I enter the bills I need to pay bills at the same time to do bank reconciliation so two steps required all the time. But in the journal entry, once we enter, it comes up on the reconcile list straight away.0
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You can pay the bill when you enter it by putting a swcond line to the bank account and making it a minus so the bill is zero. Why are you using bills if you are paying them at the same time? It makes no sense0
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Indeed. If the bill is already paid there is no point to entering it0
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But if we don’t pay the bills it deosn’t come up on the reconciliation, doesn’t it?0
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You can pay the bill by adding the payment as a second line with a minus to the bank acvount. I already told you this. Or you can forget about entering bills and simply write a cheque to the expense account. How long have you been using Reckon?0
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