Reckon Accounts Desktop: Purchases with $0.00 Net and a tax amount do not show in Tax Reports

Legacy KB ID: 3766

Question

When I enter a bill for just the tax component and leave net at 0.00, why isn’t the transaction appearing on the Tax Liability and Tax Summary Reports? 

I can see the transaction in the Tax Detail Report and on the BAS Report.

Answer

This issue will occur if you have your Reports & Graphs and Tax Preferences set to Cash and Net. 

This issue is being investigated.

Workaround

Create a new Tax Item called NCG0:

  1. Go to Lists, then Tax Item List.
  2. Click on the Item button and select New.
  3. In the Name box enter: NCG0.
  4. In the Description box enter: 0% tax for NCG.
  5. Tax Rate (%) or Amt to stay at 0%.
  6. Select Australian Taxation Office for Tax Agency.
  7. Click on Use this item in purchase transactions.
  8. Set the Tax Return Line to Goods and Services Tax.
  9. Click OK to finish.

Enter the Purchase transaction:

  1. On the first line, enter the item with a net amount (eg 100.00) to generate the required tax amount (eg 10.00) using the NCG tax code.
  2. On the second line, enter the same item with a negative of the same net amount (eg -100.00) with the NCG0 tax code to generate 0.00 tax.
  3. The total of the bill should show a net of 0.00 with the tax amount (10.00).
  4. Save & Close to save the transaction.

The Tax Liability and Tax Summary reports will now show the transaction (in two lines).

How did we do?

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