QuickBooks Q&A
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I pay many invoices 30 and 45 days and many are direct debits from my bank account. Most of these payments include GST. These payments appear on the day of payment in my Bank Feed. How can I have these match the date the payment was due so the GST collected is in the prior reporting quarter or period and not in the current reporting period. In other words hows do you make the bank feed be accrual based and not cash based?
When I try to allocate a banking transaction to the BAS Expense category I get the error "You have either selected a tax liability account on a transaction where it's not allowed, or haven't specified a tax rate along with it." I have Out of Scope for GST selected, but even if I change it to GST-fee or GST on sales I get the same error.
