GTS and BAS

I've tested the reclassify transactions tool over a number of companies, browsers and computers. GST codes cannot be changed and all get the same message - "Sorry. We weren't able to make those changes." A good tool has gone bad.

This is the GST 'manage rates' options available (In Australia): Manage VAT rates Switch on VAT rates you frequently use. Switch off those that you don’t need. Activate / deactivate rates GST GST free GST free exports GST on purchases (Purchases) - Inactive Input tax Out of Scope

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For the last pay run for the last financial quarter, the payment date was in the new financial quarter/year.This is not being reported properly to the ATO.Example: My pay run was from 24/06/2024 to 30/06/2024, but the actual PAYMENT was made on 01/07/2024 which is in the new quarter/year.However, in the ATO, this payment is not included in this July-September 2024 BAS Is this a problem with QBO reporting? They are reporting the pay run dates, not the payment date?I don't want to have to go through and correct this every time the payment falls outside the quarter of the pay run dates.

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Do I pay GST on employee wages when doing a bank reconciliation?

When I made a stationery purchase at Officeworks, the payment I paid to Officeworks already included the GST 10%. Why would the account 'GST Liabilities Payable' automatically include the 10% GST on my purchase?

Hi  I have recentley registered for GST and doing my first BAS, I had inventory already purchased prior to registering for GST.... When i sell this inventory do i charge GST?

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m trying to reconcile a shopping receipt. on a receipt that's is $183.29, only $ 1.76 includes GST. how do I reconcile this?

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I wanted to address a common question regarding the differences between "GST-Free (0%)" and "Out of Scope (0%)" codes in QuickBooks, especially when handling purchases that are GST-free.   When you mark a transaction as GST-Free (0%), it means that while no GST was charged, this transaction will still be reported on your Business Activity Statement (BAS). It's the correct choice for purchases where you haven’t been billed GST or if you’re claiming GST credits.   On the other hand, if you classify a purchase as Out of Scope (0%), it indicates that the transaction will not be included in your BAS. This code applies to transactions tied to assets, liabilities, or equity accounts, as well as for wages and superannuation payments. It’s especially useful for expenses where no GST is applicable at all.   If you're dealing with GST-exempt transactions like medical services or residential rental properties, it's wise to consult a ProAdvisor or accountant. They can make sure you'r

I'm trying to get the Payroll liability account and the GST module liability accounts to match up for PAYG.    Employment Hero won't let me change the liability account to match the BAS module.   There must be a way but I'm really getting frustrated trying to work it out.  Can the brains trust help?

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Scenario: I have net earning $41000 and ATO payment was done 159,146.09 for the last financial year. Do we have to pay tax for both as a taxable income?

I have lodged my first BAS online through Intuit and received a refund, however when I try to record a refund through the GST tab, there is no "To account" to lodge it against ie. there are no options to select. How do I add an account so that it can be entered.

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Hi there, My business owns a property that is rented out. Am I right to record the rent received as Out of scope GST? Thanks.

Hey there, Last financial year I was registered for GST and filled out a BAS quarterly. I paid quarterly PAYG instalments. This year I shan't be working as much and so won't hit the threshold.  I've already deregistered from GST. Do I still need to fill out quarterly BAS statements and PAYG?

Hello how do I add GST to my invoices?

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