Tax summary and tax detail report
Hi,
Client is using Reckon Accounts Hosted desktop. I am running tax reports for September quarter.
My Tax liability and tax summary reports give me the same amount payable.
Tax detail reports has a different amount payable.
GST on sales is the same on all three reports. The discrepancy is in the GST on purchases. Tax detail report has a lot higher amount for GST on purchases than tax summary and tax liability reports.
I have run all three reports on the same basis (cash) and for the same period.
Anybody has run into the same issue?
Thanks, Maria
Comments
-
Hi Maria
Yes, this is a known issue that happens when there are negative &/or mixed line tax codes in a transaction. It is due to the system trying to breakdown the 10% across multiple/conflicting lines. Disregard the detail reports in these scenarios as the summaries aren't affected by this issue & will be correct π
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!)
0
Categories
- All Categories
- 6.8K Accounts Hosted
- 10 π’ Reckon Accounts Hosted - Announcements
- 6K Reckon Accounts (Desktop)
- 3 π’ Reckon Accounts Desktop - Announcements
- 1.2K Reckon Payroll π
- 21 Reckon Payroll Help Videos π₯
- 21 Reckon Mate App
- 18 π’ Reckon Payroll - Announcements
- 3.1K Reckon One
- 7 π’ Reckon One - Announcements
- 11 Reckon Invoices App
- 14 Reckon Insights
- 114 Reckon API
- 830 Payroll Premier
- 325 Point of Sale
- 1.9K Personal Plus and Home & Business
- 73 About Reckon Community