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hbscoresby@optus
Level 3
posted
‎April 14, 2022 09:20 AM
last updated ‎April 13, 2022 4:20 PM

Out of Scope or GST free?

Hi we are a community based club who pay our Players and Coaches a small weekly amount.There is no PAYG and GST deducted.Should the entries in Quickbooks be ,GST Fee purchases or Out of Scope?

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1 Comment 1
IntuitSheila
Level 8
‎April 14, 2022 09:51 AM

Out of Scope or GST free?

Hello hbscoresby@optus,

 

Thanks for posting in the Community!

 

In QuickBooks Online, both Out of Scope and GST free tax code does not calculate any GST to your transactions. The difference between the two tax codes is that transactions coded with GST Free are reported to your Business Activity Statement (BAS). While the Out of Scope coded transactions will not be reported to your BAS.

 

To learn more about the GST in QuickBooks Online, you can check the articles below:

 

You can always drop a comment below if you need more help with GST. I'll be around to help you. Have a nice day!

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