Beginner user here, trying the software and so far it is quite impressive. Thank you for your hard work.
Just setting up the desktop version for a cash-based company. I think I’ve followed the right setup for a new company to account for GST, including:
- Setup company, chart of accounts, Import AUS locale settings, which include the 10% GST tax code, the starting balance
- Setup the GST Payable liability account, and the starting balance
- Created an invoice for account receivable with 10% GST tax code
- Realised I have to link the tax code to the GST Payable account, so I linked them
This morning when I created a receipt for the invoice, the GST received did not come up in the GST Payable. I made sure the receipt has GST in the column so tax is already inclusive.
Did I miss a step somewhere?