What's the difference between choosing input-taxed and Includes GST?
NoCruncher
Member Posts: 7 ✭
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"?
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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 ! ***
* Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *
Accounted 4 Bookkeeping Services
Ballajura, WA
(NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
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