On July 1st, 2000, a Goods and Services Tax (GST) came into effect in Australia. FinancePlus Software includes a range of features that, combined, make it easier for you to manage GST transactions and report your GST.

GST Features

• Automatic generation of GST reporting for the Business Activity Statement.
• The ability to provide detailed audit trails for every G-code on the BAS report.
• Generates BAS summary and BAS audit report in MS Excel format!
• Correct handling of import transactions.
• Definition of default Tax code and posting accounting for creditors. eg. All items you purchase from 'Affordable Office Furniture Pty Ltd' are always of a capital nature, which must be reported separately on the BAS. A default tax code 'CAP' is assigned to this creditor.
• Only Tax Codes defined for sales transactions are avilable in sales data entry screens and those for purchases in purchase data entry screens. You cannot accidently assign a puchase tax code (eg. 'CAP' - for capital purchases) to a sale transaction.
• Ability to display and enter prices in either 'Tax Inclusive' or 'Tax Exclusive' mode.
• Ability to switch from 'Tax Exclusive' to 'Tax Inclusive (and vice-versa) with a mouse click.
• Ability to define a default pricing mode ('Tax Inclusive' or 'Tax Exclusive') for every customer.
• Ability to define an Invoice format that prints out according to the customer's pricing mode.

More Information:

Screenshots: GST Summary Report, GST Audit Trail Report

For further information contact FinancePlus software.

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