GST Problem
Comments
-
It may be a date range issue
Gerry id 6376
Gerhard Winter
Ph. +61 0418907140
Reckon Store Next Door
"Always at your Service"
Email: gwinter0808@gmail.com
0 -
I wish it was that simple but unfortunately it isn't. I have picked the same date range for all reports and the GST received amount is exactly the same in each report whereas the GST Paid is different. But thank you for your suggestion.
0 -
Have you tried a tax summary report?0
-
Are you running the reports under the same accounting method i.e. Cash Basis or Accrual Basis?
John L G0 -
Thank you all so far. I have checked that I am running cash in all three options and the date period is the same in all. The Tax Summary report gives me the same information as the Tax Liability Summary but neither are the same as the Tax Liability or Simplified Bas/IAS for. I do notice though when I run the tax summary report there is an amount under Net GST-P. What is that? And it is not the difference between the reports.0
-
Check the codes in the Simplified BAS, drill down on the different amounts and compare
Gerry id 6376
Gerhard Winter
Ph. +61 0418907140
Reckon Store Next Door
"Always at your Service"
Email: gwinter0808@gmail.com
0 -
Historically I've found that if the Tax Summary (TS) & The tax Liability (TL) reports don't match, there is a data integrity issue, so resort all lists and rebuild the data file, if necessary create a portable backup and restore.
If the TS & TL match but differ from the Balance Sheet (BS) then this is generally data entry error ie ATO BAS Payment allocated incorrectly.
1 -
On a cash basis, the Tax Detail reports are sometimes incorrect if there are discounts or part payments involved as the system tries to calculate the GST at 10% still. Therefore I will sometimes run them but never rely on them alone.
I always use the Tax Summary report – This one will always calculate correctly even in the above cases. The GST sections of the Simplified BAS should match with this summary, provided the basis (cash v accrual) & date range are the same.
NB - Check whether you are reporting the Tax Summary & Tax Liability reports in net or gross …
The Tax Detail is only/always generated in net so if your TS/TL are set to gross, that could be the problem!
Shaz Hughes Dip(Fin) ACQ NSW, MICB
Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)
Accounted 4 Bookkeeping Services
Ballajura, WA
0422 886 003
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
Categories
- All Categories
- 6.9K Accounts Hosted
- 11 📢 Reckon Accounts Hosted - Announcements
- 6K Reckon Accounts (Desktop)
- 3 📢 Reckon Accounts Desktop - Announcements
- 1.2K Reckon Payroll 🚀
- 19 📢 Reckon Payroll - Announcements
- 21 Reckon Payroll Help Videos 🎥
- 21 Reckon Mate App
- 3.1K Reckon One
- 7 📢 Reckon One - Announcements
- 11 Reckon Invoices App
- 14 Reckon Insights
- 114 Reckon API
- 830 Payroll Premier
- 326 Point of Sale
- 2K Personal Plus and Home & Business
- 74 About Reckon Community