Post gst directly

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  • Updated 5 months ago
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Our bank is charging us for per transaction (net of GST) for handling bulk payments, then charging a summarised GST amount once per month. I'm trying to post the GST transaction from the bank download, but can't find a way to post just GST. Any thoughts?

Thanks,

Marc
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Marc H

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Posted 5 months ago

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Gillian, Accredited Partner

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Hi Marc,

enter your original net trans with no tax code.

then say the bulk  gst amount is 5.00

then this trans is

bank fees    NCG   50     5                (50 is in the net amount and then the gst)

bank fees              -50                        (no tax code on this line in trans)

total of trans = 5


Gillian

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Marc H

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Many thanks Gillian. I have tried again and it worked fine this time. Not sure what I did wrong previously.
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Gillian, Accredited Partner

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you are very welcome
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Marc H

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Thanks Gillian. I tried this yesterday and it didn't work. Unfortunately I'm not at my computer today so I can't check the error it returned, but I'm pretty sure it didn't like the negative amount.


If you think it should work though, I'll give it another try on Monday.


Marc
(Edited)