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Parent Article: taxes_-_gst_ledger_report
The main idea behind this article is to help speed up the searching process. Instead of breaking down the problem piece by piece until we understand where the discrepencies come from, maybe we can get right to the heart of the matter with some simple checks.
Since the Total Sales figure doesn't mean total taxable sales, the G.S.T. Collected number will not necessarily be 5% of the Total Sales figure. The trouble then is how do we tell what the differences are? I suggest starting with the tax summary report as it can report on some of our non-taxable numbers, and provide some key indicators to help us reconcile the difference.
Tax summary report checks:
Note: There may be some categories like gift cards that are not posting to 4000 level accounts that we consider on invoice reports to better report revenue. Are gift cards really revenue if they post to a liability?