Reckon Accounts Desktop: How do I enter a GST only sale?

Legacy KB ID: 889

Question

How can I raise an invoice for just the tax amount?

Answer

If doing an invoice and tracking tax on a cash basis, change your preferences to accrual just for this entry.

Go to your list of tax codes and make a new tax code, called GST0, with a 0% rate.

In the invoice, enter the item(s), and 10% tax code, that gives the required tax amount.

On the next line, choose the same item with negative quantity the GST0 tax code you made earlier.

The 2 lines on the invoice/cash sale should cancel each other out except for the tax amount.

The new GST0 tax code needs to be included in G1 of the BAS.

If doing an invoice and tracking tax on a cash basis, change your preferences back to cash.

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