Owner GST Status incorrect - Tenant Invoice GST Status incorrect.

• Charged incorrectly Base Rent $2600 and Variable Outgoings $800 per month no GST.
• Raise an invoice for the GST not paid, which can be used to claim GST at BAS. The charge should not incur Management Fees.  

• Charged incorrectly Base Rent $2600 and Variable Outgoings $800 per month plus GST.
• Raise a credit for the GST charged.  

Step 1.  Choose applicable option (TA only);

• Change owner GST status; manage company, change GST status to GST taxed.
• Change lease type; manage lease, change lease type to commercial/retail etc... GST chargeable.  

Step 2. Raise Interim AR Invoiceand Credit (PM or TA);

2.1. Invoice

• Transaction date: today or first day of the current month for adjustments related to prior periods. 
• Charge or credit: charge 
• Date range: as per original invoice
• Account code: as per original invoice 
• Description: Base Rent 2015/16 Invoice with GST.
• Net amount: as per original invoices net amount (combine total for each account code, do not enter each month individually).
• GST status: GST taxable
• Submit for processing.
• Check line item appears correct. 
• NB. Before clicking complete. enter credit line item:

2.2. Credit

• Transaction date: same as invoice. 
• Charge or credit: credit
• Date range: as per original invoice
• Account code: as per original invoice 
• Description: Base Rent 2015/16 Credit without GST
• Net amount: as per original invoices net amount already paid (combine total for each account code, do not enter each month individually).  
• GST status: GST Free
• Submit for processing.
• Check line item appears correct. 
• Repeat steps 2.1 and 2.2 for each account code to appear on the same invoice.
• Generate interim invoice.
  • Leaving the net amount $0 and the GST amount outstanding. e.g. Net $0 GST $1300 Gross $1300 (Management fees will not be calculated as Net amount $0. 

Step 1. Choose applicable option (TA only);

• Change owner GST status; manage company, change GST status to GST free.
• Change lease type; manage lease, change lease type to residential etc... non GST chargeable.  

Step 2. Raise Interim AR Invoice and Credit (PM or TA)

1.2. Credit

• Transaction date: today or first day of the current month for adjustments related to prior periods. 
• Charge or credit: credit
• Date range: as per original invoice
• Account code: as per original invoice 
• Description: Base Rent 2015/16 Credit GST Reversal
• Net amount: as per original invoices net amount (combine total for each account code, do not enter each month individually).  
• GST status: GST taxable
• Submit for processing.
• Check line item appears correct. 
• NB. Before clicking complete. enter credit line item:

2.1. Invoice

• Transaction date: today or first day of the current month for adjustments related to prior periods. 
• Charge or credit: charge 
• Date range: as per original invoice
• Account code: as per original invoice 
• Description: Base Rent 2015/16 Credit GST reversal.
• Net amount: as per original invoices net amount (combine total for each account code, do not enter each month individually).
• GST status: GST free
• Submit for processing.
• Check line item appears correct. 
• Repeat steps 2.1 and 2.2 for each account code to appear on the same invoice.
• Generate interim invoice.
  • Leaving the net amount $0 and the GST and gross amount in credit for any over charges. e.g. Net $0 GST -$1300 Gross -$1300 (Management fees will not be affected as Net amount not changed. 

Management fees. 

• As Management fees are calculated on receipts net amount, providing the tenants net charge amount was entered correctly management fees will not be impacted. 
• If the tenants net charge amount was entered incorrectly e.g. as the gross amount, management fees will be impacted and an adjustment require for management fees. 
• See Management Fees instructions: