i have entered a suppliers invoice with all correct coding, it is coming up in pay bills window as a
Comments
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did you accidentally have it on Credit instead of Bill? Open up the bill and check just in the top left corner?0
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No i checked that too.
But i just did a search and it seems that you can't have a negative amount as a credit on a bill. it needs to be applied separately. It sends the whole bill in a negative. Grrrr.
Thank you for replying.0 -
certainly that happens if the tax codes are different - you cant have negative tax on a bill... so yes, enter a Bill and a Bill Credit - then it should all work fine.
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you can have a negative line on a bill, but if you have a negative total then you must process it as a credit. The same is true in reverse1
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I'm pretty sure you can have negative tax on a bill (NCG or NCF) but I don't think can have the GST code on a bill because it isn't associated with purchases only sales0
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Hi Vee
Bruce is correct - You can have negative lines on a bill as long as the final total still results in a payable (eg a “Bill”)
If the bill is actually a Credit Note (or results in a credit amount), just enter the reverse on a “Credit”
eg If the bill is for $ 100 + GST less $ 110 + GST (so overall result = $ 10 + GST Credit):
Supplies NCG -$ 100 -$ 10
Supplies NCG $ 110 $ 11
This will correctly create the Credit of $ 11 ($ 10 + GST) in your A/P (Pay Bills)
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!)
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The Bill is from Motorpass / PUMA. We get a Discount on the bill as we receive discount of .50c for every dollar we spend on Diesel. I enter the amount in the Bill, then enter the discount in as a negative.
It made the whole bill a negative figure. Do i code this discount to the income account? what is the best way to reflect this in the bill?0
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