How do I account for GST paid to Customs Department for imported goods?

You should set up a new ledger code for Purchases – Customs GST.

• Go to Maintenance – Ledger Accounts and enter code and select cashflow group Trading Payments. Set the GST status to CUSTOMS.
• This will mean that when you analyse a payment to Customs for GST you select this ledger account which will automatically calculate the GST as 100% and will insert the total amount of such transactions into the GST Worksheet and GST Return.

I operate a Rest Home or Boarding House, which means I am liable for GST on income at the lessor rate of GST. How does EasyBooks calculate and process such income?

You can establish an extra GST rate in the system for Rest Home income. Do this via GST Return- GST Set up.

• Under GST rate setting set up the alternative rate of GST rate under spare Rate 1. Now go to `Maintenance’ – `Ledger Accounts’ and setup a new income account for Rest Home Income and select the GST default rate now established. When transactions are analysed to this account the system will calculate GST at the alternative rate. However when the GST inclusive value of taxable supplies is shown on the GST Worksheet and Return, the system will impute the value of supply at the lower amount based on the usual GST rate.