[GNC] Accounting for GST in Australia
flywire
flywire0 at gmail.com
Wed Jul 7 06:52:45 EDT 2021
Let's just enter that transaction.
Following:
* https://wiki.gnucash.org/wiki/Quickstart_Australian_BAS#My_Tax_Tables
*
https://wiki.gnucash.org/wiki/Quickstart_Australian_BAS#How_do_I_record_complex_business_transactions.3F
It's always fiddly and there's no free ride. It's similar for grain sales
too.
Are auto-generated GST calculations available for cash accounting
without Accounts
Payable/Receivable?
09/10/2020 Complex Sales
Asset:Bank 1808.20
Income:Sales:Ewes -1050.00
GST:GST on Sales -105.00
Income:Sales:Lambs -922.00
GST:GST on Sales -92.20
Expense:Sales Fee:Commission 98.60
GST:GST on Purchases 9.86
Expense:Sales Fee:Transaction Levy 10.00
GST:GST Free 0.00
Expense:Sales Fee:Yard Dues Sheep 18.00
GST:GST on Purchases 1.80
Expense:Sales Fee:Yard Dues Lambs 23.05
GST:GST on Purchases 2.31
Expense:Sales Fee:Cartage 140.00
GST:GST on Purchases 14.00
Expense:Sales Fee:Insurance 39.44
GST:GST on Purchases 3.94
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