income account has GST code but why it is not calculating GST - please help what am i doing wrong
Options
ANGELA NAIDU
Member Posts: 21 ✭
I am new to account hosted and just started but hit the wall as to why - my income account from my Chart of accounts has GST code but why it is not calculating GST - where as expense seems to work fine - please help what am i doing wrong
0
Comments
-
Hi Angela,
GST is recorded on the transactions level, for example when doing a sales receipt or doing a customer invoice, you need to select the Tax code on individual lines to attract tax. adding tax code to the account level do not record any tax.0 -
Hi Jay Jay, thanks for your reply, we are a retail store so we dont have cust invoice, its at the counter sales paid by cash or eftpos, so I am allocating from bank statement. I am entering it through record deposit tab. Please let me know if there is another way to doing this0
-
As Jay advised you need to record income via a Tax Invoice or Sales Receipt the latter would be the best option for you.
0 -
What Jacqui said : )
doing a sales receipt is the best option for retail shops.0
Categories
- All Categories
- 6.4K Accounts Hosted
- 10 📢 Reckon Accounts Hosted - Announcements
- 5.9K Reckon Accounts (Desktop)
- 3 📢 Reckon Accounts Desktop - Announcements
- 1.3K Reckon Payroll 🚀
- 21 📢 Reckon Payroll - Announcements
- 21 Reckon Payroll Help Videos 🎥
- 21 Reckon Mate App
- 3K Reckon One
- 7 📢 Reckon One - Announcements
- 10 Reckon Invoices App
- 14 Reckon Insights
- 107 Reckon API
- 822 Payroll Premier
- 307 Point of Sale
- 1.9K Personal Plus and Home & Business
- 63 About Reckon Community