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Aus Tax Codes: The great No GST vs GST Exempt ambiguity

Started this discussion. Last reply by Heather Smith Mar 8. 21 Replies

I have a very confusing time with "No GST" vs "GST Exempt".I was even more confused after reading the Help documentation regarding the GST tax codes. "No GST" would suggest to me that GST is not…Continue

Frustration Editing Entries

Started this discussion. Last reply by Catherine (Xero) Dec 8, 2011. 15 Replies

I am an accountant in public practice and have come up against some issues working with my clients using Xero accounts to the point where I have stopped recommending Xero.I have a large issue with…Continue

 

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Heather Smith replied to Michael's discussion Aus Tax Codes: The great No GST vs GST Exempt ambiguity
":-)"
Mar 8
Tim Wright replied to Michael's discussion Aus Tax Codes: The great No GST vs GST Exempt ambiguity
"Thanks Heather. No problem at all.  I thought we'd discussed it but then you got me thinking whether we had!  We're always keen to hear feedback and experiences.  So far feedback on what we're thinking around this has…"
Mar 8
Heather Smith replied to Michael's discussion Aus Tax Codes: The great No GST vs GST Exempt ambiguity
"Tim, I agree we probably did talk about it. I am trying to absorb everything, and make sure I am clear where everything stands. I did mention to someone else (about a dozen times) their beta product was slow, and they have come out and…"
Mar 8
Tim Wright replied to Michael's discussion Aus Tax Codes: The great No GST vs GST Exempt ambiguity
"Thanks Heather Sorry - thought we'd covered this during our chat in Brisbane... Mike commented earlier in this thread on the Amounts 'do not include tax' option and tax code it applies as well. Updating this is part of…"
Mar 8
Heather Smith replied to Michael's discussion Aus Tax Codes: The great No GST vs GST Exempt ambiguity
"test"
Mar 8
Tim Wright replied to Michael's discussion Aus Tax Codes: The great No GST vs GST Exempt ambiguity
"Hi Heather We caught up in Brisbane at the Xero roadshow around our thinking how we can make this easier and we were pleased you felt we were on the right track. Whilst we don't have a confirmed date yet of when, we're keen to make the…"
Mar 8
Heather Smith replied to Michael's discussion Aus Tax Codes: The great No GST vs GST Exempt ambiguity
"Hey thanks to all contributors - yes I to am trying to get my head around No GST vs GST Exempt ... has there been any update from XERO Catherine... I understand copyright issues and using different terminology, but it seems a little bit too…"
Feb 23
Catherine (Xero) replied to Michael's discussion Frustration Editing Entries
"By way of update: since this thread was posted and this and feedback from other users about fuller editing capabilities was put forward we've made changes to allow full editing on Spend and Receive Money (cash transactions) and journals. The…"
Dec 8, 2011
Andrew Reed replied to Michael's discussion Frustration Editing Entries
"Another vote here for full deletion rights for top level users. Maintaining an 'audit trail' is a bit of a red herring in my opinion. The important question is do the records in xero represent the underlying documents and reality? If…"
Dec 8, 2011
Mike Deam replied to Michael's discussion Aus Tax Codes: The great No GST vs GST Exempt ambiguity
"Hi Michael,   That box seems to effect all the lines on the document.. I must admit I don't tend to use this much other than to flick between GST Inclusive and GST Exclusive and tend to set the GST on the individual…"
Nov 4, 2011
Catherine (Xero) replied to Michael's discussion Aus Tax Codes: The great No GST vs GST Exempt ambiguity
"Thanks Cassandra for taking some time to talk to Tim from our Australian office. I understand it was a really valuable discussion and we appreciate you guys being so engaged and so patient. We're definitely trying to get some improvements…"
Nov 3, 2011
Michael replied to Michael's discussion Aus Tax Codes: The great No GST vs GST Exempt ambiguity
"Thinking about this some more, this could be my biggest issue with the GST tax treatment and goes against logic as it seems we all agree."
Nov 1, 2011
Mike Deam replied to Michael's discussion Aus Tax Codes: The great No GST vs GST Exempt ambiguity
"Just ran a test in Demo to me I get the following results    Revenue GST on Income goes to G1 and GST to 1A GST on Exports goes to G2 and G1 and No GST  GST Free Income goes to G3 and G1 and No GST Input Tax goes to G4 and G1 and No…"
Oct 31, 2011
Michael replied to Michael's discussion Aus Tax Codes: The great No GST vs GST Exempt ambiguity
"I agree with Cassandra. The default tax treatment when "include tax" checkbox unselected is just wrong. Shame that this fundamental error in accounting software is still not fixed. At the moment, I prefer clients with a shoe box of…"
Oct 31, 2011
Cassandra Scott replied to Michael's discussion Aus Tax Codes: The great No GST vs GST Exempt ambiguity
"Catherine When entering a transaction and de-selecting the "include tax" checkbox, the GST coding defaults to No GST. This should report as No GST or GST Exempt, as its utilisation would be on transactions that are outside of the GST…"
Oct 31, 2011
Catherine (Xero) replied to Michael's discussion Aus Tax Codes: The great No GST vs GST Exempt ambiguity
"First up I can confirm there is no delineation between No GST and GST Exempt when used on revenue/income transactions. It's on expense transactions where they are handled differently. We know the terminology is confusing and we need to address…"
Oct 10, 2011

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