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Canada_2013 Sage

Making a new GST Tax Code link to "GST Paid on Purchases" in Balance Sheet

Posted By

Hi There,

I've just added a new tax code in Sage (GI - GST 5% included). I've edited the appropriate details through the magnifying glass such as "tax % = 5, Status = taxable, Included in Price = yes, Refundable = yes).

For some reason, when I go to the balance sheet and drill into "GST Paid on Purchases", the expenses I entered with a GI (GST included) code are not showing up in the balance. Is there something I'm missing here?

Thank you!

Parents
  • 0
    Hi,

    You may have missed setting up the linked tax account. Sales Taxes are set up in three places:

    Setup | Settings | Company | Sales Taxes | Tax Codes
    Setup | Settings | Company | Sales Taxes | Tax Codes | Assign Tax Codes
    Setup | Settings | Company | Sales Taxes | Taxes (linked accounts)

    An invoice tax code is assigned to a Sales tax, which can be assigned to an account.
    G ->GST -> 2310 GST charged on Sales

    Since an invoice record stores a version record of the tax codes used at the time the invoice was created, you may have to remove a problem invoice altogether, and re-create it.
Reply
  • 0
    Hi,

    You may have missed setting up the linked tax account. Sales Taxes are set up in three places:

    Setup | Settings | Company | Sales Taxes | Tax Codes
    Setup | Settings | Company | Sales Taxes | Tax Codes | Assign Tax Codes
    Setup | Settings | Company | Sales Taxes | Taxes (linked accounts)

    An invoice tax code is assigned to a Sales tax, which can be assigned to an account.
    G ->GST -> 2310 GST charged on Sales

    Since an invoice record stores a version record of the tax codes used at the time the invoice was created, you may have to remove a problem invoice altogether, and re-create it.
Children

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