[GNC] Accounting for GST in Australia
Alan Hopkins
hoppo52 at gmail.com
Thu Jun 24 00:28:06 EDT 2021
Hello again Nathan
Unfortunately I am not quite sure of the set-up you have so it is hard
to comment.
However, have you set up GST as a Liability Account parent account
Liabilities and the GST Received sub-account using the GST liability
account as "parent"? If you haven't done that then the transaction GST
transaction will not be entered in the ledger.
Sorry if the above is a bit garbled but I'm in a rush!
Good luck!
Cheers
Alan
On 22/6/21 11:49 pm, Nathan Ellery wrote:
Hello Alan Thanks for your reply.
We are aware of the need to split transactions not entered as bills or
invoices.
However, we are entering invoices through the invoicing system within
Gnucash, and the tax amount shows correctly on the actual invoice
entry, but the amount of tax is not going to the GST accounts on the
chart of accounts. How can we check the set-up to determine exactly why
this is or what do we need to do in order to make the GST go to that
account in the chart of accounts?
Appreciate your help on this,
And thanks Christopher, yes we did read that article but it doesn't
seem to be working correctly.
regards Nathan
On Tue, Jun 22, 2021 at 5:23 PM Alan Hopkins <[1]hoppo52 at gmail.com>
wrote:
Hi Nathan
Are you using GnuCash to generate your bills & invoices? If not, when
making entries directly into your accounts you won't see the GST
automatically. When entering invoices & bills you need to check the
Taxable? & Tax Included? columns
Otherwise, when making direct entries to your accounts you need to use
"Splits" and add the GST manually.
The above may not be clear but once we know more about how you are
attempting to do things we might be able to help.
Cheers
Alan
On 22/6/21 6:17 pm, Christopher Lam wrote:
Welcome Nathan,
Have you checked out the following?
[2]https://wiki.gnucash.org/wiki/Quickstart_Australian_BAS
On Tue, 22 Jun 2021, 2:59 pm Nathan Ellery, [3]<ntellery at gmail.com> wrote:
Hi,
I have recently started using GnuCash and am having difficulty in
attributing GST to the GST accounts as set up in the chart of accounts. I
have included the relevant posting accounts in the tax table area, but new
entries aren't picking up the GST amount. What am I missing? Do you need to
see screen shots of my setup to verify what I am experiencing?
best regards
Nathan Ellery
Building designer
Grandesign Pty Ltd [4]<http://grandesignwa.blogspot.com.au/>
m: 0417 951575
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References
1. mailto:hoppo52 at gmail.com
2. https://wiki.gnucash.org/wiki/Quickstart_Australian_BAS
3. mailto:ntellery at gmail.com
4. http://grandesignwa.blogspot.com.au/
5. mailto:gnucash-user at gnucash.org
6. https://lists.gnucash.org/mailman/listinfo/gnucash-user
7. https://wiki.gnucash.org/wiki/Mailing_Lists
8. mailto:gnucash-user at gnucash.org
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