In response to some of your questions in relation to Australian requirements
Yes you are correct there is a requirement for
capital and non capital GST -
Taxpayers are given the opportunity to run either
cash or accrual systems - the exact treatment of
your example problem I will have to research
In working through general ledger and trying to correct
an entry - 2 additions I feel will make life much easier
-Include the item amount in the ledger 'search' journal reports
-have a link from each item in the ledger 'listing' report directly to the
edit function of that item
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