Reconcile GST for EOFY in Xero

[@topmarkbookkeeping6689]

How do you fix the case where the Balance of the GST Account Summary differences from the GST Account Balance found at the bottom of this report?

[@KeepinitSimple-xs6vi]

Only issue I had was it looks totally different to my Xero as I am missing the adjust portion entirely - it however does allow me to input into the GST screen; is this correct? I have some that I've filed way too much in one quarter, too little the next (as they moved a massive invoice out)

[@bryanlau4674]

Hi, is the filled section automatically entered after we lodged the BAS or do we need to fill in the amount ourselves based on the BAS amount lodged? Many thanks.

[@qtraining]

It may auto-fill of you lodge the BAS via Xero but I usually lodge via the ATO portal and enter the figures myself. It's probably a good check to enter the figures direct from what was lodged on the ATO end rather than rely on a pre-filled (if any) amount.

[@ganeshgaire9152]

was helpful. thanks

[@qtraining]

You're welcome.

[@jaytran972]

Hi, what do we do in the case when the ATO rounds up or down the figure to the nearest dollar? The GST rec will show that a couple of cents is unfiled. Do we put it under the adjustment column the difference or should we create a manual journal?

[@qtraining]

Hi Jay. You can ignore the cents as we only report to the whole dollar but if you want to clean it off the books to have a 0.00 GST closing balance you could post a journal.