GST Enter Transactions

Navigator > Tasks > Goods and Services Tax > Enter Transactions

You can enter GST adjustment transactions. These are transactions that affect GST and transfer to the General Ledger but have no financial effect on sub ledgers.

For the "GST - New Zealand" tax regime the following GST Transaction types are available:

Sales Adjustment - increases the GST liability (for example, private use of business assets) and reports the GST Adjustment in Box 9, and the GST Amount in Box 10 on the return form.
Sales GST - directly adjusts the Total GST Collected figure in Box 10 on the return form. Does not appear as an adjustment.
Sales Total + GST - adjusts the Total GST Collected figure in Box 10 on the return form and is grossed up at the default GST rate into the Total taxable sales and income in Box 5 on the return form. Does not appear as an adjustment. These may be generated by the system if required for Settlement Discount adjustments.
Purchases Adjustment - decreases the GST liability and reports as a Credit GST Adjustment in Box 13, and the GST Amount in Box 14 on the return form.
Purchases GST - directly adjusts the Total GST Credit figure in Box 14 on the return form. Does not appear as an adjustment.
Purchases Total + GST - adjusts the Total GST Credit figure in Box 14 on the return form and is grossed up at the default GST rate into the Total taxable purchases and expenses in Box 11 on the return form. Does not appear as an adjustment. These may be generated by the system if required for Settlement Discount adjustments.


Toolbar
	Expand Toolbar `(Alt+F9)`	Expand the toolbar to give access to all toolbar options. Press `Esc` to close the expanded toolbar.
	Edit `(F11)`	Click to edit the saved transaction.
	Insert `(F4)`	Insert a new GST Transaction.
	Duplicate `(Shift+F4)`	Duplicates the open transaction. When you select, Duplicate, the new transaction defaults to the System Date and System Period. Duplicate Contra, the original date and period are retained if available for processing, or the System Date and System Period are used.
	Links `(Alt+F6)`	Opens Links On... for the record, with a list of links for the record. The button changes to indicate if links are present.
	Memos `(F6)`	Memos and alarms can be entered or edited. The button changes to indicate if memos and alarms are present. Opens Memos On... with a list of Memos.
	Customise Toolbar	Customise Toolbar or right-click in the toolbar below the buttons to access the Customise Toolbar Menu.
Fields
Period		Select the period to post to. Defaults to the current System Period.
Transaction Type		The Transaction Type being entered (read-only).
ID		The Transaction ID (read-only).
Regime Code		The Tax Regime Code for the transaction. The Regime Name and Currency Code are displayed.
Date		The date of the transaction. Defaults to the date of the previous transaction, or the System Date.
Reference		A reference for the transaction.
Comment		This will be recorded against the transaction, usually to document the reason for the adjustment.
Narration		Additional information to be included in the GL journal when transferred to GL.
Rate Type Exchange Rate		For Other Tax Regimes than the Base Regime, select the FX Rate Type. If Use Exchange Rate Table is selected in FX Settings, the Rate is fetched from the Exchange Rate Table based on Currency Code, Rate Type and Date. Click Fix Exchange Rate beside the Exchange Rate field to lock the Exchange Rate. When the rate is fixed, the rate cannot be changed on this transaction, and this transaction will be excluded from Revaluations. If not fixed, the rate will be re-fetched from the rate table when Rate type, Currency code or Invoice date are changed.
Branch Department		The Branch and Department for the transaction. (Accredo Saturn Only)
GST Amount		The amount of GST. For NZ and Australian Regimes, the box on the GST Return that will be affected is shown.
GST Amount Bs		The amount of GST in the Base Currency.
Total Amount		The effect on taxable supplies or purchases. For NZ and Australian Regimes, the box on the GST Return that will be affected is shown. (Read-only)
Adjustment Amount		The amount of the GST adjustment. For NZ and Australian Regimes, the box on the GST Return that will be affected is shown. (Read-only)
GL Account Number Account Name		The account in the GL for the other part of the transaction, and the Account Name. Sales adjustments will debit this account. and Purchase adjustments will credit it. GL accounts used for adjustments are setup in GST Settings.

In This Section

GST Enter Transactions - Links tab

GST Enter Transactions - Memos tab