GTS and BAS
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When i record a BAS/GST payment it duplicates the payment as its also coming through on my bank feed.How do i record the payment correctly without this happening? TIA
The ATO refunded the difference between the $10K Cash Boost payment and the BAS amount payable by me for quarter 2 2019/20. They refunded directly to my business bank account. I assigned the deposit to my ATO Clearing Account so the balance there always matches the balance owing to the ATO in the business portal. However, now that is showing as Sales Income for the period when it is clearly not. The ATO Clearing Account is not a Sales account. Any clues on how to properly account for this ATO refund so that it doesn't show up in Sales?
Is it as simple as changing the default tax code from out of scope to gst exclusive? Or will I need to start a new company file? Not sure if relevant, but company is a non profit charity.
Hello, A client has noticed an error in GST allocation from an autofeed programme they use. It is not allocating GST correctly anymore. Having done a reconciliation of Q3 (which BAS has been lodged for) I have found 7 entries that GST hasn't been allocated for correctly. Suggestions for best way to correct would be much appreciated - do BAS adjustment / cancel submission, correct and relodge etc. Thank you for any help, Fiona
