Tracking the Australian GST

[Mark W. <ma...@ma...>]

Hello All,

I would be interested in hearing from anyone who is using SQL-Ledger to track 
the Australian GST, and how have you found the system, etc. I would like to 
know how you went so that I can avoid misstakes with the software, before it 
is too late. 

In Australia we have a choice, of calculating our GST taxes, a Cash based tax 
system, or a  Non-cash based tax system.  With a cash based system, the GST 
should be calculated when a payment is received, in the Non-cash based tax 
system the valuation off the entry of the invoice.  After testing SQL-Ledger, 
it looks like that it's setup for the Non-cash based system. The GST showed 
straight after the invoice was entered.  

How do we change the GST so that the GST only shows after a payment has been 
received? My business operates off the cash based system.

For the Australian GST, we have to lodge a "BAS" (Business Activity 
Statement) and pay our GST either Quarterly or monthly. What we needed for 
the BAS, 

1/ Is the total of our all our sales being services, or goods, that total can 
include or exclude the GST

2/ Show out of our sales the totals of GST-Free, and Export-Sales

3/  Show the total of Capital purchases including the GST

4/ Show the total of Non-Capital purchases including the GST

5/ Show Total salary, wages and other payments

6/ Show the total of withheld payment from the Total salary, "wages and other 
payments"

7/ Amount withheld when no ABN is quoted..  This is meant to be at 48.5%   
(ABN= "Australian Business Number") 

8/ Any other withheld moneys

9/ The totals of all of the withheld

10/ Summary of all Gst on sales, or GST installments

11/ PAYG tax withheld

12/ PAYG income tax installment

13/ GST on Purchases

14/  The Total that the TAX office is owe, or what they owe you.

Umm this is a little more but I think that's about most of it.

Hopfully, I can have a look at a way so that i can get these figures out of 
the system, when I do my BAS statement

Cheers
Mark Williamson
-- 
Cyber Essentials http://cyber.ebbs.com.au
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