Skip to end of metadata
Go to start of metadata

You are viewing an old version of this page. View the current version.

Compare with Current View Version History

« Previous Version 4 Next »

  • This journal transaction create after the GST filing
  • Transfer the gst_Output Tax (tax code: SR) to gstPayment account
  • Transfer the gst_Input Tax (tax code: TX)  to gstPayment account
  • Transfer the gst_Input Tax (tax code: BL) to gst_Expenses account

Accounting > Journal and Ledger > Add Jtxn


Notes / Clarification:

During transactions, gst_input is usually on credit side, while gst_output stays on credit side.

During Journal Transaction for GST payment, we are transferring (debit gst_input, credit gst_output) summation of tax amount to gstPayable.

During the Payment / Claim / Adjustment - we simply move the gstPayable amount to apprpriate GLCode (Bank / otherReceivable / gst_Input)

  • No labels

Private & Confidential