How to pay a Sales Tax invoice?

[Nelson Handcock]

Hi,

Ok thanks - that makes sense. (Bit embarrassed I didn't twig to that
myself....)!



Thanks & Regards,

Nelson Handcock
0409 149919

http://www.linkedin.com/in/nelsonhandcockaustralia

On Wed, Feb 1, 2017 at 6:22 PM, Maf. King <maf at chilwell.net> wrote:

> On Wednesday, 1 February 2017 06:16:58 GMT Nelson Handcock wrote:
> > Hi,
> >
> > There is more GST on stock purchased than GST charged to my customers,
> so I
> > owe the ATO. The account balances show:
> >
> > Liabilities:GST -494.30 (parent account - balance calculated)
> > Liabilities:GST:GST on Stock Purchased -1277.13
> > Liabilities:GST:GST on Sales 782.83
> > Liabilities:GST BAS Payments
> >
>
> Hi Nelson,
>
> the way I read these figures, I think the tax due is actually a refund to
> you.
> So you should end up transferring money into your bank account...
>
> HTH,
> Maf.
>
>