Difference between revisions of "12 GST For Sales"
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Simon Clive (Talk | contribs) (Created page with "GST For Sales What tax codes are used for sales? Australian Users of ERP need to account for GST on sales and purchases. It is important to remember that ERP uses different ta...") |
Simon Clive (Talk | contribs) |
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| − | GST For Sales | + | '''GST For Sales''' |
| − | What tax codes are used for sales? | + | What tax codes are used for sales? |
| − | Australian Users of ERP need to account for GST on sales and purchases. | + | Australian Users of ERP need to account for'''GST''' on sales and purchases. It is important to remember that ERP uses different '''Tax Codes''' for '''GST''' on different transaction types. It is critical that you understand which '''Codes''' to use or your reports for '''BAS '''and other financial reporting will not be accurate. |
| − | uses different | + | |
| − | or your reports for BAS and other financial reporting will not be accurate. | + | |
| − | Tax codes for sales are as follows: | + | '''Tax codes''' for sales are as follows: |
| − | + | *'''EXP''' GST Free Exports | |
| − | + | *'''FRE''' GST Free Supplies | |
| − | EXP GST Free Exports | + | *'''GST''' Supplies Including |
| − | FRE GST Free Supplies | + | *'''GST INP''' Input Taxed Sales |
| − | GST Supplies Including GST | + | |
| − | INP Input Taxed Sales | + | |
Latest revision as of 15:09, 12 August 2011
GST For Sales
What tax codes are used for sales?
Australian Users of ERP need to account forGST on sales and purchases. It is important to remember that ERP uses different Tax Codes for GST on different transaction types. It is critical that you understand which Codes to use or your reports for BAS and other financial reporting will not be accurate.
Tax codes for sales are as follows:
- EXP GST Free Exports
- FRE GST Free Supplies
- GST Supplies Including
- GST INP Input Taxed Sales
