I have an account that I need to split/proportion business use.
Can I somehow do bas and enter the % I want on this account? For the quarterlies.
The EOY my accountant will fix.
Just to confirm what you're asking, are you looking to customise the amount of GST that you're paying on an account's value? Currently, the GST Centre in QuickBooks Online works by looking at the Tax Code associated with a transaction, and the account that the transaction is assigned to is not considered. If you are looking to split the amount of GST that is calculated for the transactions in that account, you would need to manually adjust the tax amounts on those transactions, or create a Journal entry of some kind in order to adjust the tax amounts to suit your needs. QuickBooks doesn't support the ability to adjust the BAS figures directly when preparing it from the GST Centre.
If you have any questions about this further, feel free to reply in this thread or reach out to our support team on 1800 046 038 and they'll be happy to assist you further with this.
As Lucas has advised above, GST in QuickBooks Online is calculated on the tax code linked to a transaction and the amount of the transaction. You would be unable to set up an account that only calculates GST on half the balance or so on and can't adjust the BAS figures when preparing it as these totals are based off of all transactions with relevant associated tax codes entered into your books. If you need to change the amount of GST calculated, you would need to either manually do so on the transactions themselves or create an 'amending' journal entry to change the tax amount showing in the GST centre when you prepare your BAS. To create a journal entry:
If you would like to do so you may wish to speak to your accountant/bookkeeper prior to making these changes to your calculated GST. They can help you determine what account you should choose and how exactly to enter this as this will have an impact on your books.
Seems like I can't even exclude accounts.
GST Summary Report
It shows all my owners equity accounts, which I want to exclude completely from calculations.
Is that possible?
Also, this forum software is horrible. If I paste it gives an error I have "invalid html". Then I can't post for 5min because that error counts as a post. Again, showing the QBO and intuit does not user test its products.
Not only that, the error simply says
"Correct the highlighted errors and try again.
There was an error while attempting to post your message. Try again in a few minutes."
Nothing is highlighted because the error is you're not allowed to post more than once every 5min or so.
The GST is calculated from the transactions and their assigned tax codes; as such you will be unable to exclude the account from the GST Summary report. The GST does not calculate based off the account's GST code but the transactions entered. If you drill down into a GST Details report you'll see the report is made up of the transactions (eg bills, invoices etc) and not the accounts.
You can however customise the GST Detail report to show transactions from selected accounts of your choosing. Keep in mind that this will not change the totals showing in the GST centre when you prepare your BAS. You can do so by:
I'm sorry to hear you're experiencing this error when posting - we are aware of this and are actively investigating so we can get this resolved as soon as possible. We encourage all our users to participate in the Community and your experience when doing so is our priority. I hope to see a resolution on this soon.