Coding Asic Filing Fees

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Please could you let me know to what account and account name I should code ASIC Annual Filing Fees to and what the GST code is? I have an account called "Accounting Fees" already but I don't think that's what I should be using here.
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Posted 1 month ago

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Hi Tanya

You could make a new account called Filing Fee for this.  ASIC fees do not have GST.

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Thanks Lynda. So use the Tax Code FRE?
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Kris Williams

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FRE is for income with no GST, the correct code was NCF, but now that we don’t report G11 I don’t always code GST free expenses

I still code them as - even though they’re not always reported (although not every business is doing Simplified BAS as they’re not always aware of it!) - I like to reconcile my tax code summary report/BAS with my Excel spreadsheet at EOFY to make sure all figures/GST still match :)


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