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.

How did we do?

BAS Lodgement form is blank after upgrading

Payee Record Count must be equal to the number of children (PAYEVNTEMP) - STP Submission Error

Related Articles

1B field on BAS reporting incorrectly
Why do 1A and G1 in the BAS not agree with my tax reports?
Removing the Australian Tax Total field from invoices
Powered by HelpDocs (opens in a new tab)

Powered by HelpDocs (opens in a new tab)