Version 5.2 for GST

Version 5.2 for GST

Lewis ACCOUNTS RECEIVABLE

April 2000.

Invoice Entry. This will be similar to the present program. If you are presently accounting for Wholesale Sales Tax, the data entry screen will be simpler.

If all goods and services that you sell have the same GST status, you will indicate this in a setting-up screen. Otherwise, you will indicate the GST status of each product. You can also indicate which customers are export.

Print Invoices. The invoice layout can be modified to include the phrase “Tax Invoice” and your ABN. The GST amount could be included on each line item, or in total.

Reporting. We expect most users of this program to be using the accruals basis for accounting. The program will readily generate the amount of supplies (by GST status) accrued during the accounting period, whether monthly or quarterly. It will report on the supply amounts for BAS, and also on Quarterly Turnover which is also needed for BAS. Data can be transferred to Lewis BASiNET .

However there could be some extra reporting needed if you report on cash basis and you sell a mixture of products with different GST status.

Suppose you receive a payment that has been directly deposited into your bank account. After entering the details of the receipt, the program prompts you to immediately create a banking batch just for that receipt.

Note that the previous version number is 4.0x. However some users of this program have it combined with Lewis LETTER MAGIC , whose last version was 5.10, so we have numbered this update for ACCOUNTS RECEIVABLE as 5.20.