This article covers how to set and edit the setting in your GST tax return plug-in.
To view/edit your GST tax return settings go to Admin >Accounting > Accounting Preferences > scroll all the way to the bottom and click on Manage Sales Tax Calculator settings (blue box).
Then click on the installed tax return plug-in as below.
If you do not see a tax return plug-in on this screen please raise a support ticket.
You will then be presented with some settings:-
GST Taxable Period
If you are unsure which option to select please obtain advice from your tax accountant. For further information please see the Inland Revenue website here:
GST Accounting Basis
If you are unsure which option to select please obtain advice from your tax accountant. For further information please see the Inland Revenue website here:
GST Payment/Refund Allocation
If you are unsure which option to select please obtain advice from your tax accountant.
Journal Transaction Date
If you are unsure which option to select please obtain advice from your tax accountant.
Once you have confirmed your changes hit the Save button.
| WARNING: Actionstep provides the GST report as a shortcut to calculating your GST data. We can only calculate the data we have been given and your business is ultimately responsible for any data given to Inland Revenue. Actionstep does not provide advice for tax matters and if you have any concerns or if you are unsure about how to file your GST Return or the content of the GST Return we recommend you speak to an accountant or other expert in New Zealand tax law. This user guide content is purely to explain how to set up the GST return settings, the options you select are your responsibility. |
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