What's the difference between choosing input-taxed and Includes GST?

NoCruncher
NoCruncher Member Posts: 7
edited September 2019 in Reckon Accounts (Desktop)
Im using Easystart 2014. I am paying for fuel. There is GST in it. I assume this goes under non-capital acquisition because it is not a permanent thing I am buying. Does it go under "includes GST" or under "input-taxed"?

Comments

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,365 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited September 2019

    Hi NoCruncher

    Assuming EasyStart works similarly to the higher versions (Reckon Account Plus onwards), it would go under "includes GST".  "Input-taxed" relates to income from financial transactions (eg  bank interest received) & residential rent received.

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

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