[Busmanagers] GST ADJUSTMENT

[Griechen, Patricia C]

Tracey
 
Reversals or credit notes outside the GST period need to be amended. The
details were set out in the Cases21 Finance Guide Issue 20 dated
November 2005. I believe the recent process guide updates on Edulibrary
reflect the details as well.
 
    Original Fee Code                    Reversal Out of Period
 
    G01                                            G07
    G03                                            NS6
    NS6                                            NS6
 
If you input these codes you will not end up with a negative BAS.
 
Good Luck.
 
Trish
 
Trish Griechen
Business Manager
Ashburton Primary School
 

________________________________

From: busmanagers-bounces at edulists.com.au
[mailto:busmanagers-bounces at edulists.com.au] On Behalf Of Green, Tracey
T
Sent: Thursday, 12 October 2006 11:43 AM
To: busmanagers at edulists.com.au
Subject: [Busmanagers] GST ADJUSTMENT



I am doing credit note to families who are exiting. All the charges on
these families were set up with NS6 but I recall last year when Credit
notes were issued it created a - negative in by BAS. Should these all
have Revenue - adjustment as the GST even though no GST was with the
original invoice.

 

Hope this make sense sometimes its hard to put in words what you are
thinking!!!

 

Cheers

Tracey  :-)

Tracey Green

Business Manager

Ashwood College

green.tracey.t at edumail.vic.gov.au

Ph: 9807 1333 Fax: 9888 1441 

 

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