[GNC] Accounting for GST in Australia

[Christopher Lam]

That's exactly how I'd record the RCTI. Auto calculation of GST is only
available when using Invoices and Bills, or when using the Scheduled
Transactions feature.


On Wed, 7 Jul 2021 at 10:53, flywire <flywire0 at gmail.com> wrote:

> 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
>