Thread: Quickbooks - Weird GST calculations

Dazzler,
dunno, but the few times that I tried to write an invoice inclusive of GST my (older) version did some dodgy arithmatic also. I just do all my invoices as $X + GST and have no problems that way.

Mick

Originally Posted by dazzler

Hi

I have Quickbooks EasyStart 2007/08.

When I create an invoice it does something weird with the GST calculations.

If I invoice $100 inc GST it calculates the GST componant as being $9.83

If I put in $1000 it says $98.29 gst.

The invoice is setup with the default GST 10%.

Tried the tutorials and Q and A's but no luck. Tried the tech line but they want $4 a minute to answer troubleshoot it.

Any Quickbook wizards out there can help?

cheers

dazzler

Something wrong there. The gst component of an inclusive price is 1/11th and so it should be $ 9.09 instead of the $ 9.83.


Peter.

Have you checked for updates from Quickbooks

Weird.

I have QuickBooks Premier Accountant Edition 2006-07 & I do all my invoice items inclusive of GST.

If I enter an amount of $100 the GST component is $9.09.

See if you can find a Quicken accredited bod near by.
I use a lady in Cairns who is very good & worth paying for an hour or so every 6 months to sort out any odd problems.

I finally ( after 12 years) ditched quickbooks last year and went over to MYOB Accounting Plus.

MYOB is soooo much easier to use, I wish I had made the transition sooner.

Thanks all for your help.

What I had wrong was gst was included in the sale in one screen and then not in the other. As each rounded the final figure it ended up double wrong.

cheers

dazzler