Chart of Accounts - Tax Liabilities sub accounts not recording

Emily_9502889
Emily_9502889 Member Posts: 8
edited September 2019 in Reckon Accounts (Desktop)

Hi all, I am new to Reckon Accounts Premier 2017 addition and have come across a problem I am unsure of how to fix.

In the Chart of Accounts - the Tax Liabilities are not distributing into sub accounts:

- GST Tax collected

- GST Tax Paid

- Income Tax Liabilities


Can anyone help me fix this so the software is recording the figures to the correct places?

Comments

  • Emily_9502889
    Emily_9502889 Member Posts: 8
    edited August 2019
    Thank you Kevin- So you are telling me that the main heading of Tax Liabilities is the only area that will record our GST paid and collected, giving us a running total. So, even after our accountant made the sub headings of Collected and Paid we can not instruct the program to place the GST into the appropriate sub heading. 
    If this is the case, can the program report on GST collected and GST paid separately. We have an error that we are trying to find and really need to see these figures separately for each month. 
  • glendaveale
    glendaveale Member Posts: 176 ✭✭
    edited June 2018
    Try the tax details report from the Manage Tax box

  • Kerryn Swarbrick
    Kerryn Swarbrick Member Posts: 4
    edited January 2018
    Tax Liability Report is the easiest way to check the breakdown of the GST Liabilities, I setup Payg Withholding Liability and Superannuation Liability accounts and link these via the Payroll items to give clarity for the Balance sheet reconciliation also.
     


  • Acctd4
    Acctd4 Accredited Partner Posts: 3,365 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited September 2019

    Hi Emily

    Reckon automatically creates a default "Tax Payable" account (for GST) if you select yes for being GST-registered in the setup wizard.

    If preferred, you can choose to break this down into paid & collected subaccounts by creating them & configuring via the "Tax Agency Info" tab under your "Australian Taxation Office" Supplier record (Make sure you have the "Supplier is a Tax Agency" checkbox ticked) 

    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!)