Why is the last quarter BAS payment to ATO showing up on the following quarter Tax Detail Report?

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Danielle Jones
Danielle Jones Member Posts: 3 ✭
edited August 2016 in Reckon Accounts (Desktop)
I paid the tax for the previous quarter, created the payment to ATO and the account as tax payable to reduce my tax liability. then when I print the tax detail report for the next quarter, this payment is coming up under purchases. I've entered as NCF. this figure then reduces the tax payable figure.

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  • Jamaiel_6490508
    Jamaiel_6490508 Reckon Staff Posts: 74 Reckon Staff
    edited February 2014
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    Hi Danielle,


    Welcome to Reckon Community!

    With regards to your query, transactions are reported based on the transaction date. Check the Transaction Date of the cheque you created and ensure that it is dated on the previous quarter. At the same time, creating a cheque for ATO will indeed reduce the amount to indicate Pa?yment.

    Hope it helps!


    Kind Regards,

    Jamaiel
  • Danielle Jones
    Danielle Jones Member Posts: 3 ✭
    edited February 2014
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    The only issue with that is I made the payment in the current quarter. Eg BAS payment for July - Sep quarter was paid on 20th October. Will entering the date as September be incorrect in my records? especially if I've already reconciled September?

    thanks for your reply Jamaiel!
  • Jamaiel_6490508
    Jamaiel_6490508 Reckon Staff Posts: 74 Reckon Staff
    edited February 2014
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    Hi Danielle,


    As usually with the use of the program, you reflect what you do in the real world. Since the payment was done on October, then the payment is recorded for that quarter.

    If you wish to display this transaction together with the July-Sep quarter, then it has to be dated within those period. That means that it might show in your Bank Statement in October but in your reports in Reckon Accounts, as September. Reconciliation-wise, you can choose to reconcile this one transaction or together with future reconciliation.

    Hope it helps!


    Kind Regards,

    Jamaiel
  • Jamaiel_6490508
    Jamaiel_6490508 Reckon Staff Posts: 74 Reckon Staff
    edited February 2014
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    Hi Danielle,


    Further to my response above, my apologies, as I have just re-read the details of your query.

    The reason you are also finding that transaction on your Tax Detail Report is that you have used a Tax Code NCF on the transaction as well affecting the balance on the report. BAS payment does not require a Tax Code.


    Kind Regards,

    Jamaiel

  • Danielle Jones
    Danielle Jones Member Posts: 3 ✭
    edited February 2014
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    oh excellent. I forgot you could post without a tax code. that's fixed it up perfectly!

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