Tax Journals in TASS: Easy Fix for GST Errors
Mistakes happen—especially when it comes to GST coding. If you've ever coded an expense to the correct GL account but accidentally marked it as GST inclusive instead of exclusive, don’t worry—you don’t need to reverse the invoice and create extra paperwork.
In this session, you’ll learn how to:
- Identify when a Tax Journal is the right tool to correct GST errors.
- Create and post a Tax Journal to adjust GST without affecting the original invoice.
- Maintain audit trails and ensure compliance with financial reporting standards.
- Avoid common pitfalls and understand the impact on BAS and GL balances.
This session is ideal for finance staff looking to streamline corrections and reduce unnecessary reversals in TASS.
In this session, you’ll learn how to:
- Identify when a Tax Journal is the right tool to correct GST errors.
- Create and post a Tax Journal to adjust GST without affecting the original invoice.
- Maintain audit trails and ensure compliance with financial reporting standards.
- Avoid common pitfalls and understand the impact on BAS and GL balances.
This session is ideal for finance staff looking to streamline corrections and reduce unnecessary reversals in TASS.
Location
Online - 2 hours (All times Brisbane AEST)
Contact Details
Contact Form
Tax Journals in TASS: Easy Fix for GST Errors
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