Cash Manager Focus makes GST reports easy; the bulk of the work has already been done as you enter and code information in the Actuals screen.
If the balance in Focus matches your bank balance, all you need to do is review the report before filing your return with IRD.
1. Create your GST report
- Click on Reports.
- Select the GST report that relates to the period you're filing.
TIP: If you're creating your first GST return in Focus, click on Create first GST Return.
Each report includes a list of the items that make up the GST return.
The list is divided into three sections for GST; Business, Personal and Exempt.
2. Check the GST report
Go through the sections and make sure the items have been coded correctly and given the correct GST type.
For example, any electricity payments for the personal portion of your house are sitting in the Personal section.
If anything needs to be corrected, locate the transaction in the Actuals screen and correct it.
3. Finalise the GST report
Once you're happy with the information in the GST report you can finalise it by clicking on Save Final.
By finalising the report all the items for the period are locked into it.
The GST type on these items can't be changed as these changes will void your return with IRD.
All that remains is for you to file the return with IRD.
TIP: How to Print the GST report
- Hold down Ctrl + P on your keyboard.
- In the Print screen, click on More settings.
- Change the Scale to reduce the size of the text on each page, in turn reducing the number of pages you need.
A scale of 50 - 60 works well.