My G11 and 1B fields on the BAS differs from the Tax Summary Figures.
Legacy KB ID: 1995
Question
Why does my G11 and 1B fields on the BAS differ from the Tax Summary Figures?Answer
This can be caused by creating NCG only bills incorrectly. The need to create NCG only bills or cheques can be the result of having to pay the Australian Customs the GST on imports.
The correct way to handle a Bill or cheque for NCG only:
1. Create the bill or cheque line with the full amount to pay and assign it to the appropriate expense account.
2. On the second line of the Bill/ Cheque, insert a negative amount for the NET figure on line 1. Assign a custom tax code to this with a zero percent tax rate
3. Save the Bill or Cheque
4. When raising the BAS, ensure you select the custom tax code in G11 as well as your normal tax codes.
