Cannot allocate GST when payment is made from a loan account
We make some payments for purchases that come from a loan account. The Account is set up under "Creditor"
When we try to allocate a payment to any account; the GST fields do not show up on the data entry screen.
It only shows up the Account 1 and Account 2 fields. No GST fields.
The only way to get the GST to show up is to set up the Loan Account under the Cash section.
Why is this?
Discussions are closed to public comments.
If you need help with Easy Books please
start a new discussion.
Keyboard shortcuts
Generic
| ? | Show this help |
|---|---|
| ESC | Blurs the current field |
Comment Form
| r | Focus the comment reply box |
|---|---|
| ^ + ↩ | Submit the comment |
You can use Command ⌘ instead of Control ^ on Mac
Support Staff 1 Posted by Mark on Mar 01, 2013 @ 10:03 AM
It is designed to only show up if it needs to, to reduce errors. So, if you are recording an item sold, which has some element of tax to add, it would be visible, but if moving money between accounts would not need this to be recorded, so, it is recorded in the sales.
I hope that helps,
Karen
2 Posted by admin on Mar 06, 2013 @ 10:16 AM
Karen no it doesn't.
We have a loan account for the directors under Creditors. There are many instances where the director will pay for some expenses by cash or his personal credit card that are a loan to the business. When entering a payment from any Credit account the GST field does not open up. So GST cannot be recorded for a payment that has a GST component in it.
Support Staff 3 Posted by Mark on Mar 06, 2013 @ 03:51 PM
If you're purchasing an item, you might use something like this:
Account 1: bank account
Account 2: cost of sales (expense account)
this would have the GST element
If you're just moving money between bank accounts there is no GST applicable.
Karen
Mark closed this discussion on May 26, 2013 @ 08:21 AM.