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Experienced Member

Purchase through ebay where GST is separate

When you make an international purchase through Ebay, it now exists as 2 separate transactions - one for the object, and one for the GST. I recently purchased some tech equipment for my business, but I can't work out how to categorise these two transactions when I review them. Can someone give me step by step instructions to follow as I can see this happening again. It is tiny amounts but every bit of GST I can claim helps... I have added a screenshot to show what I am talking about. The bottom two transactions are the purchases and the top two transactions are the GST that go with those purchases. What is the process for adding them to Quickbooks Online so the correct amount is recorded as an expense and the correct GST amount is recorded? Thanks!!!
Solved
Best answer 07-26-2019

Accepted Solutions
QuickBooks Team

Re: Purchase through ebay where GST is separate

Hi MMW_AU, 

 

Thank you for following up on this. 

 

Bonny and I have replicated your use case in our test file and is having the same experience as you are. 

 

I would suggest excluding transactions from the for review section as the expense transactions have been manually created already. 

4 Comments
QuickBooks Team

Re: Purchase through ebay where GST is separate

Hi MMW_AU,

 

Welcome to QBCommunity.

 

Thank you for the screenshot, it's been helpful in clarifying this.

 

What I would recommend would be to create an expense for the purchases, equal to the total amount of the items + GST. Then, you can match the bank transactions and that GST fee to the expense.

 

To match them properly, you will have to select the bank transaction, and then select Find Match. From here, find the expense you created and then Save. Repeat for the GST amount. 

 

Hope this helps!

 

Bonny

Experienced Member

Re: Purchase through ebay where GST is separate

Thanks Bonny, I just tried your solution. When I select FIND MATCH, the only transaction that can find a match is the $24.83 one, and the match it finds is the $6.35 expense. Could it be that FIND MATCH will only find matches for an expense that is equal to or less than the amount for review? Because that is what appears to be happening.

QuickBooks Team

Re: Purchase through ebay where GST is separate

Hi MMW_AU, 

 

Thank you for following up on this. 

 

Bonny and I have replicated your use case in our test file and is having the same experience as you are. 

 

I would suggest excluding transactions from the for review section as the expense transactions have been manually created already. 

Experienced Member

Re: Purchase through ebay where GST is separate

OK, yes. I will do that.