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GST Reconciliation Report - Save the filed amounts entries

AU There was a discrepancy between GST ac balance at EOQ on the Balance Sheet & the GST refund for the end of quarter BAS. Using the GST Reconciliation report would be a lot more helpful if the Filed Amounts could actually be saved and continuously show the correct unfiled running balance amount and the section "GST Account Summary " for unfiled GST was actually correct as a cumulative balance. I just did 3.5 years worth of GST Reconciliations and nothing saved so all the running balances are wrong and don't flow correctly from one year to the next - even though I "published" them & hard copy printed each one as I went. The lack of GST reporting for periods where the "activity statement" has already been filed/lodged really should be improved as a priority.

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Julia Williams shared this idea  ·   ·  Report…  ·  Admin →
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  • Henrik Maier commented  ·   ·  Report

    This are some answers I go from Xero and the feature is a joke as they expect you every time to fill in the Filed amount for all the years going back since you started with Xero.

    "... The GST Reconciliation report is designed to be run for all Activity Statement periods, for example from your Conversion Date or from the very 1st transaction entered in Xero. We plan to revise the report so it can be run for a specified period, but we don't have a time-frame for when this will be available.

    In your case, you need to always run the GST Reconciliation report from 1 Jul 2020. Selecting this date means that the opening balances are 0.00, and the report should balance.

    Furthermore, when using the new Activity Statement, the default GST Reconciliation report will not automatically populate the filed amounts. These will need to be entered manually in the "Filed" column. ..."

  • Henrik Maier commented  ·   ·  Report

    I absolutely agree. This is a joke that the filed amount entries are not save after publishing the report or by some other means. Without saving them the whole GST reconciliation feature is unusable as for the current year you see invalid unfiled amount accumulated from past years.

    In addition they should be prefilled with the lodged amounts.

  • ALISON WILLETTS commented  ·   ·  Report

    Yes I just did the same and as soon as I published it all the values disappeared, and I am back to square one! Frustrating!
    If GST is FILED from Xero, why can it not automatically populate at that point?