I only record my sales in one of two ways:
- an entry for
- an entry for
Because my sales are subject to GST, I record these entries as attracting GST.
When I view the sales everything appears correct:
This works well and when I ran it by the accountant, she was happy with this method.
If I click on cash accounts and select cleared balances, I get the daily takings and they are inclusive of GST (which is what I want) but I see the whole cash amount I have taken. The downside of this view is that it includes ALL cash transactions, and not just the cash sales. For example:
^ GST in sales figures (desired)
I need to report to the landlord on all sales (it’s a requirement of the lease) and so I thought I would use the
summary view, but it reports a gst exclusive amount:
clicking on either of the sales amounts also takes you to a GST exclusive list which the landlord won’t accept.
^ GST not in sales figures (undesired)
I know I may be stating this incorrectly, but as far as the landlord is concerned, I am required to report on sales. sales includes the gst component.
Is there a way of generating a report that will encompass all sales either with GST, or a report on ex GST and also include GST amounts?
I looked at Custom Reports all of about 5 seconds and realised I have no idea what I’m doing there.
No other report seems like it will suit my need in this regard.
Although I’m asking this question as it relates to income, it also relates to cost of items being purchased, when verifying values in the P&L section, clicking on an account lists only GST exclusive prices, yet all my documentation only has a GST inclusive price. In order to verify everything here, I have to
view each and every transaction. Is there a way to view this information with GST?