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peach
Admin Group THE BOSS Joined: 01-Jan-2006 Status: Offline Points: 1295 |
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Posted: 24-May-2012 at 04:25 |
Remember the Report in the GL Side is a Payments Report as against the Trading side being a Purchase Report. So it includes Creditor payments made on the Trading side. These will have no GST component though as GST is accounted for at point of Purchase not Payment. This report is only for expenses entered and paid within the General Ledger side of the software.
Edited by peach - 24-May-2012 at 04:25 |
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To process your BAS statement, you require reports from both the Peach Trading program and the General Ledger. The Trading part of the program gives you GST details on all Sales (GST Payable), and on those Purchases that have been processed through a supplier account (GST Credits). From the General Ledger, you also need a report on any purchases that were not put through on a Supplier account ie anything entered via General Payments. Things like fuel, staff amenities, maybe the electricity bill, or rent. The Trading report is under Reports / Trading & POS / GST Summary for BAS Put in the appropriate dates eg 01/07/2004 to 30/09/2004 and run the report. The General Ledger report is GL Payments Summary - GST The figures on the GL Payments GST report must be added to the GST Summary for BAS figures to give the totals to enter on the BAS. SOME IMPORTANT NOTES: If you use the RECEIPTS section of the General Ledger to record Income eg for Commissions or other non-sales income, you should also run the GL Receipts GST report. Any additional income on this report must also be added to the totals. If you need more detailed information on any of these figures, you can run detailed reports to show every transaction that makes up the totals. These reports are: Trading: GST Purchases Journal & GST Sales Journal General Ledger: GL Payments GST (The GST Receipts GST is a detailed report, no further details are required) Edited by Susmita - 17-Jan-2007 at 02:10 |
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