How can I change GST from inclusive to exclusive on a paid invoice?

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  • Updated 11 months ago
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Hi there, I'm a first time user of Reckon One in Western Australia, and very new to business and the world of invoicing and bookkeeping. I've received a query back from one of my customers - their invoice has GST inclusive but my business isn't registered for GST (yet). I didn't realise Reckon One came already set up with GST (1st lesson learnt). My question is, how can I fix or cancel my invoices and resend to show that the totals do not include GST?
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Kylz

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Posted 11 months ago

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Michael Corrigan

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If your turnover could be over $75K per annum, then register for GST. I suspect you may need to delete payment and invoice and then start again. Here is instruction for first part. https://community.reckon.com/reckon/t...

Once you have deleted payment, then delete invoice. Recreate invoice without GST and then allocate payment to new invoice.
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Kylz

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Worked a treat, thank-you so much :)
And yes thank-you re $75k - my business is only 3 months old.
Have an awesome week :)
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Kylz

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Further to this (next challenge). I've noticed for all my incoming bills the the GST box has now been removed from Reckon One. I'd already entered all my July bills when the tick box said I was registered for GST (and hence the GST has been accounted for). Do I now need to delete and re-enter all of my July invoices? Otherwise how do I account for/ reconcile the GST I've paid on items/ expenses?

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Michael Corrigan

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I suspect it would be the same solution. With the invoices received, you will need to delete and enter again. Before DELETING, you could try editing them first but re-entering the invoice total again.. It may just re-trigger the fact that GST is not applicable
(Edited)