ynorma29
Level 1
‎July 17, 2019 05:57 PM

How to use the system to record transactions before GST registration?

I did the registration on 1 July 2019. So sales invoices before this date not involved GST. So what should I do for recording?
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Anonymous
Not applicable
‎July 17, 2019 07:52 PM

GST and BAS

Hi ynorma29,

 

Sales created before the GST registration is referred to as regular invoices/sales receipts.

 

Here's how to record them in your QuickBooks Online:

  1. Click on the Plus icon.
  2. Choose Invoice or Sales Receipt.
  3. Select a customer, enter the item details, and amount.
  4. In the Amounts are drop-down, select Out of scope of GST. 
  5. Click on Save and close.

This is an example screenshot:

 

 

You can also read more of this rule from the Department of Industry's website: https://www.business.gov.au/finance/payments-and-invoicing/types-of-invoices

 

Is your GST setup not yet complete? This reference will be a great guide for you: How to setup GST in QuickBooks Online?

 

Keep us posted if you have questions about GST or anything else. We're here to help. 

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