Small business (unregistered for GST) and need to record the GST in supplier invoices
Shane Crozier
Member Posts: 3 Novice Member 
Hi -
New to Reckon One and needing to know how to record the GST component of supplier invoices, doesnt seem to be a way to do it unless we select "Register for GST" - our turnover is likely to be less than required to registere....
I would have added an item to a non-current liability a/c but not sure how Reckon works under the hood.
New to Reckon One and needing to know how to record the GST component of supplier invoices, doesnt seem to be a way to do it unless we select "Register for GST" - our turnover is likely to be less than required to registere....
I would have added an item to a non-current liability a/c but not sure how Reckon works under the hood.
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Comments
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In MYOB there was INP which stood for input tax so you used that code. Look for something similar in reckon with 0% tax so it doesn't calculate as a tax you have to pay. But I'm not really sure how reckon games it. Google reckon input tax and see what they suggest.0
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Hi Shane
(Unless Reckon One is different to Reckon Accounts/Hosted) ….. if you’re not GST-Registered, you just post the whole of the Supplier invoice to the relevant Expense/COGS account. The GST component is only reflected if you yourself are also GST-Registered
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
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