GST amount applied is to original amount and not on the total amount credited
Julie_10331994
Member Posts: 2 ✭
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?
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Comments
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Have you clicked on edit, preferences, company preferences, tax ?
In there is the setting to accrual or cash ?0 -
Thanks you for your response. Yes, the tax settings are set to Cash.0
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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.0
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