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clradnim1
Level 1

Drawings are showing as gst free capital when I do a transfer from the bank to drawings. How do I change this to out of scope as there is no option to do it?

 
3 Comments 3
Bonny_
Moderator

Drawings are showing as gst free capital when I do a transfer from the bank to drawings. How do I change this to out of scope as there is no option to do it?

Hi clradnim1,

 

Just to confirm, are you using the Transfer option in QuickBooks to record this transfer? This is accessed by selecting +New, then Transfer, or by selecting Record as Transfer if you're recording it via the Banking section. Neither of these options will put a GST code on the transaction.

 

You can check this by going to the Edit screen of the Transfer transaction, then on the bottom of the screen, select More and select Transaction journal. This will show all accounts that this transfer is affecting, including GST accounts.

 

Bonny

clradnim1
Level 1

Drawings are showing as gst free capital when I do a transfer from the bank to drawings. How do I change this to out of scope as there is no option to do it?

Hi Bonny

 

I am using transfer in bank transactions and I do not have an option to change the gst allocation to out of scope.  This is why I wrote to you.

 

The attached 30/9/20 shows a transfer which has the correct GST code, the one on 13/10/20 does not with no option to change it

 

Kind Regards

Val

Bonny_
Moderator

Drawings are showing as gst free capital when I do a transfer from the bank to drawings. How do I change this to out of scope as there is no option to do it?

Hi Val,

 

Unfortunately the attachments didn't come through - I would recommend contacting our Support Team so they can use tools such as screen share to take a look into your QuickBooks and help you with changing the transfer to Out of Scope.

 

Bonny