GST Bounce Cheque: Difference between revisions

From eStream Software
Line 4: Line 4:
* Payment Oct 2016
* Payment Oct 2016
* Bad Debts Recover - Oct 2016 to Dec 2016
* Bad Debts Recover - Oct 2016 to Dec 2016
* '''Payment Bounce - Jan 2017''' <--- Must to Adjustment on Bounce GST Period (before process GST-03)
* '''Payment Bounce - Jan 2017''' <--- Should do Adjustment on Bounce GST Period (before process GST-03)
* Replace New Cheque - Apr 2017
* Replace New Cheque - Apr 2017



Revision as of 04:37, 28 October 2016

Scenario

  • Invoice Date Jan 2016
  • Bad Debts Relief - Jul 2016 to Sep 2016
  • Payment Oct 2016
  • Bad Debts Recover - Oct 2016 to Dec 2016
  • Payment Bounce - Jan 2017 <--- Should do Adjustment on Bounce GST Period (before process GST-03)
  • Replace New Cheque - Apr 2017

Solution

By using the GL Journal Voucher - Bank Charges - GST Reversal button

Customer Side

At GST Period Jan 2017

DR GST-101 - GST - CLAIMABLE --> (SL-AJP-BD)
CR GST-202 - GST - SALES DEFERRED TAX
BounceCustomer-01.jpg
BounceCustomer-02.jpg

Sample Database - Customer Bounce

Supplier Side

At GST Period Jan 2017

DR GST-102 - GST - PURCHASE DEFERRED TAX
CR GST-201 - GST - PAYABLE --> (PH-AJS-BD)
BounceSupplier-01.jpg
BounceSupplier-02.jpg

Sample Database - Supplier Bounce