Memorized Transactions GST

Hi,

I have noticed that the transactions I have memorized calculate the GST on the bill, but the GST summary does not show the applicable GST. The GST summary shows the transactions, but the calculation for net tax does not include the GST for the memorized transactions.

Anyone offer a solution or have experienced this issue before?

Thanks

Reply to
John Pippy
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I don't understand. Are you saying the GST on a memorized bill is included on Line 106 of the GST Liability Report, but is not included in the Net Tax Payable? That Net Tax Payable does not equal Line 103 minus Line 106? The memorized bills are included in the "drill-down" detail for Line 106, but not for the Net Tax Payable?

If that's what you're saying, I don't have that problem with any of my clients. If I did have that problem, I would work around it by subtracting the Line 106 amount from the Line 103 amount - in my head, on paper with pencil, or using a calculator or spreadsheet.

If that's not the problem, can you explain it differently?

Reply to
!-!

Thanks for responding.

This is what is happening. I have a monthly recurring expense for radio advertising 100 + GST (107.00) The transaction enters fine and shows up in all my reports. But when I go to a GST Summary, it will show the total purchases and it will include the memorized transaction for the radio advertising. But, the input tax credits shows only the bills that I entered manually not the one that was automatically entered. Just hoping there was a quick solution. I can easily enter in the transaction manually as it is only two transactions that I have memorized which recur monthly.

Thanks

Reply to
John Pippy

I don't have that experience with any of my clients - the transactions are included in both the "Purchases" line and the Input Tax Credits (Line 106) regardless of whether they are entered manually or automatically.

Nor can I think of any reason why an automatic bill should be any different from one entered manually. You can force a memorized transaction to be opened and recorded at any time by double-clicking the Memorized Transactions list, and when you do so it is no different from a bill that you enter manually, so there is no reason..... (that I can think of).

Let me ask a few questions:

- What version of QB?

- Do you use the same tax code for the memorized automatic bills as for the manually-recorded bills? (Presumably "G" or "S"?)

- Open one of your automatic bills (one that is NOT included in the Net Tax Payable) by double-clicking it in the Purchases detail, then open any Bill from the Net Tax Payable detail, and compare them - does the GST amount appear in the GST field in the lower right corner of the Bill?

- While you have the bills open, is there a "Journal" button at the top next to the "History" button? If yes, click the journal button to display the transaction in the form of a General Journal Entry (and print it for reference) - is there a difference between the automatic Bill and the manually entered bill in the way GST is recorded?

- Has the problem existed since you started using this version of QB, or did it start recently? Did you use an earlier version without experiencing the problem?

Reply to
!-!

Hi !-!,

I finally got back online - the problem is fixed it was a quirk in my version of Quickbooks. Which is Quickbooks 2001, tech support after trying to get me to upgrade they finally told me to save my company files and then re-install. It works now. Thanks for your assistance.

Reply to
Michael

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