GST amount applied is to original amount and not on the total amount credited

  • 1
  • Question
  • Updated 2 months ago
  • Answered
I am preparing a BAS for a client who reports on a cash basis and when I run the Transaction Detail by Account for the quarter on a cash basis showing the Sales accounts', the Tax Amount is 10% of the Original Amount instead of the actual amount received. Basically my total sales on a cash basis for the quarter is showing $29,000 but the Tax Amount is showing $5,000. Is there a setting that I need to change to rectify this to be 10% of the actual sales amount for the quarter?
Photo of Julie

Julie

  • 80 Points 75 badge 2x thumb

Posted 2 months ago

  • 1
Photo of Graham Meredith

Graham Meredith, Accredited Partner

  • 1,052 Points 1k badge 2x thumb
Have you clicked on edit, preferences, company preferences, tax ?

In there is the setting to accrual or cash ?
Photo of Julie

Julie

  • 80 Points 75 badge 2x thumb
Thanks you for your response. Yes, the tax settings are set to Cash.
Photo of Graham Meredith

Graham Meredith, Accredited Partner

  • 1,052 Points 1k badge 2x thumb
Should work, if you call me on 0488 713 040 we could do a quick remote session and see if we can see what is the problem.