efg123
Level 3
‎August 28, 2021 04:12 PM

If default GST Code (as set in Chart of Accounts) is not being applied to Bank Feed entries, is there a fix?

also when manually selecting the Category, the GST setting also does not auto-fill. The "fix" is to select an adjacent account, then re-selectr the correct account. Only then does the correct GST setting auto-fill. VERY frustrating.....
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Angelyn_T
Moderator
Moderator
‎August 28, 2021 06:12 PM

GST and BAS

Hi, @efg123. Allow me to share with you some information about the default GST code in QuickBooks Online (QBO).

 

Setting up a default GST Code from the Chart of Accounts applies to your manually added transactions. For downloaded entries, the system is dependent on whatever information is added from your bank. Thus, you need to review the transactions from the Banking page to categorise them accordingly. You can open this article as your guide: Categorise and match online bank transactions in QuickBooks Online.

 

On the other hand, the auto-fill feature is not an option when setting up default tax codes from the Chart of Accounts. You have to select the correct category in the drop-down field provided. To save you time, you can perform the process in batch following the steps in this article: Batch edit default tax codes in Chart of Accounts.

 

To learn more about GST settings, you check out these links:

 

 

Please feel free to get back to me here for any additional questions with GST codes. I always have your back. Thanks for dropping in, and cheers for more success!

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