GST Tax Detail Report & Cash & GST Tax Liability Report do not agree

JO-ANNE_7327707
JO-ANNE_7327707 Member Posts: 429 Reckon Star Reckon Star
edited April 2024 in Accounts Hosted

GST Tax Detail Report & Cash & GST Tax Liability Report do not agree.

Am I missing something?

Best Answer

  • Acctd4
    Acctd4 Accredited Partner Posts: 4,227 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    Answer βœ“

    Are their mixed tax code or credit lines in any transactions? If so, this is common on a Cash basis because the Tax Detail report is trying to split the GST at 10% across every line so it gets skewed. (In some lines, you can find the GST displays as MORE than the actual net amount!)

    The summary reports are the ones to rely on (eg the Tax Liability or The Tax Summary). I just use the detail one to check specific transaction codes ☺️

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