I run an eCommerce shop and recently registered for GST in Australia. Now I’m required to collect GST from Australian purchasers of my digital products (books, audios, etc…).
I know you can enable by default all income to be inclusive of GST for the Paypal “Bank Account” I’ve created. However, 95% of my customers are non-Australian residents.
I thought the best way would be to create some sort of Rule as I’ve done for the Paypal Fee’s but for all the collected GST from Australians (to make my BAS quarterlies easier). After importing into Manager the QIF export however I noticed it’s not importing the collected Taxes by Paypal.
When I’m creating the QIF file I have all the non-changeable default fields as well “Transaction Details - Taxes” selected but nothing. I know for sure there’s at least one customer who is Australian and had Taxes associated with her purchase but when I check the invoice it only shows the Gross Total in one line + Fee in the other but no taxes.
I’ve also tried exporting it from Paypal as a CSV, and I can clearly see a column that says “GST” with some of the rows having an amount in them, but when imported into Manager it doesn’t import the GST amount either.
How can I go about importing the collected taxes from Paypal into my Bank Account Transactions?