ASWatCR's avatar
ASWatCR
Experienced Cover User
12 years ago
Status:
Open

Spend Money/Receive Money: Indicate how you wish transaction to be displayed for GST

Currently, in Spend Money/Receive Money, there is no option to choose which side of the BAS (GST Collected vs GST Paid) the transaction should be reported on i.e.. if its Spend Money = GST Paid and R...
Banking
BAS
BASLink
Julie_B's avatar
Julie_B
Trusted User
12 years ago

Hi there - the way I would approach a refund on a purchase is to create a credit note, and then in the Purchases Register / Returns & Debits tab, choose Receive Refund. I believe this then puts the tax into the correct area (from NZ so don't know if your software is any different with this).

 

Hope this helps ...