Amazon Sales and Hosted Reckon

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Nantasa
Nantasa Member Posts: 11 ✭✭
edited February 2020 in Accounts Hosted
Can't figure out how to account for Amazon Sales in Hosted Reckon, especially the GST. Currently only selling in Austrlia. Can email accounts@jpmtools.com.au for person-to-person chat.

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  • Shane_6461899
    Shane_6461899 Reckon Staff Posts: 339 Reckon Staff
    edited February 2020
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    Hi Natasha,

    I would expect that you would treat it like any other sales.  Enter a sales receipt for either each individual transaction, or one large sales receipt for the days sales.  If you only selling in Australia, and reporting GST you would use the GST tax code - which is 10% tax - on the sales receipt.

    Regards,
    Shane
  • Acctd4
    Acctd4 Accredited Partner Posts: 3,408 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited February 2020
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    Hi Nantasa

     

    If you’re trying to also account for Amazon fees etc v net deposits I would recommend using a Clearing account (eg a  dummy “Bank” account)

     

    You can receive (eg Deposit To) from individual or daily Sales Receipts & pay Fees etc via “Write Chq” out of this account.  The remaining amount(s) in the Clearing account will equal each net deposit received into the actual main bank account.

    Some people like to use the “Transfer Funds” feature however I find “Write Chq” allows for more detail & is more self-explanatory.

    I usually create a specific Customer, Supplier(s) (eg Amazon (Fees)”) & Other Name (eg “Amazon Net Dep”) for these transactions then memorise them as a group in order to re-use as required J

     

    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

    shazinoz2@bigpond.com

    www.accounted4bs.com


    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

    shaz@accounted4.com.au

    https://accounted4.com.au

    (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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