Creditor Invoice GST Status incorrect

Modified on Wed, 25 Feb at 10:23 PM

Partially or Fully Paid invoices:

Scenario 1	Scenario 2.
Creditor invoice entered as GST Taxable rather than GST Free.	Creditor invoice entered as GST Free rather than GST Taxable.
Solution 1:	Solution 2:
Transfer journal Supplier: as per inv. Transaction date: as per payment date or 1st of current period if invoice paid in prior closed period. Property – as per original inv, same on both sides. (Left) reducing expense - increase bank balance: Account code: Water - GST TAXABLE Gross amount: as per invoice. (Right) increasing expense - reducing bank balance: Account code: Water GST FREE Gross amount: as per invoice. Description: From/To dates: as per invoice.	Transfer journal Supplier: as per inv. Transaction date: as per payment date or 1st of current period if invoice paid in prior closed period. Property – as per original inv, same on both sides. (Left) reducing expense - increase bank balance: Account code: Water - GST Free Gross amount: as per invoice. (Right) increasing expense - reducing bank balance: Account code: Water GST Taxable Gross amount: as per invoice. Description: From/To dates: as per invoice.

Scenario 1

Scenario 2.

Creditor invoice entered as GST Taxable rather than GST Free.

Creditor invoice entered as GST Free rather than GST Taxable.

Solution 1:

Solution 2:

Transfer journal

Supplier: as per inv.
Transaction date: as per payment date or 1st of current period if invoice paid in prior closed period.
Property – as per original inv, same on both sides.
(Left) reducing expense - increase bank balance:
- Account code: Water - GST TAXABLE
- Gross amount: as per invoice.
(Right) increasing expense - reducing bank balance:
- Account code: Water GST FREE
- Gross amount: as per invoice.
Description:
From/To dates: as per invoice.

Transfer journal

Supplier: as per inv.
Transaction date: as per payment date or 1st of current period if invoice paid in prior closed period.
Property – as per original inv, same on both sides.
(Left) reducing expense - increase bank balance:
- Account code: Water - GST Free
- Gross amount: as per invoice.
(Right) increasing expense - reducing bank balance:
- Account code: Water GST Taxable
- Gross amount: as per invoice.
Description:
From/To dates: as per invoice.

Option:

Partially or Fully Paid invoice GST status may also be adjusted in AP invoice & Credit Adjustment after payment

Step-by-Step Guide

Open the AP Invoice or Credit Adjustment
Locate the invoice or credit adjustment that has been partially or fully paid.
Adjust the GST Status
Update the GST status as required.
Review the Warning Message
The system will display a warning indicating that changing the GST status after payment may impact financial reports.
Re-run the Owner Report
After making the adjustment, re-run the owner report to ensure figures are updated correctly.
Consider General Ledger Impact
Be aware that this change may also affect the general ledger.

Check Reporting Requirements
This action is not recommended for clients who rely on General Ledger (GL) reports.

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