Working with GST | Agrimaster 10

This article explains how GST is displayed and tracked within the Budget Grid, including GST-IN, GST-OUT, GST Summary and GST Bank Account transactions.

Please note: GST is always enabled in Agrimaster 10. There is no option to switch GST on or off, so GST calculations are always available throughout the budgeting process. 

Alternative text: Please note: GST is determined by the codes you select. Agrimaster 10 automatically calculates GST, and it cannot be turned off.

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1. GST in the Budget Grid

GST is automatically displayed within the Budget Grid.

You can view GST activity under the Budget section:

• GST-IN: Under Receipts

• GST-OUT: Under Payments

GST-IN

The GST-IN section displays:

• GST Collected

• GST Refunded

These values are automatically calculated from GST-applicable income transactions.

GST-OUT

The GST-OUT section displays:

• GST Paid

• GST Remitted

These values are automatically calculated from GST-applicable expense transactions.

2. BAS Frequency

GST Remittances and refunds are processed according to your BAS frequency.

The BAS frequency determines when:

• GST Remitted transactions are generated

• GST Refunded transactions are generated

BAS frequency settings are configured separately. Refer to the GST Configuration help article for more information.

3. GST Summary

The GST Summary is located within the Tax Summary section at the bottom of the Budget Grid.

The GST Summary displays:

• Opening GST Balance

• Current GST Payable or Refundable

• Previous GST Payable or Refundable

These values update automatically based on budget activity and GST transactions.

Previous GST Payable or Refundable

• The Previous GST Payable or Refundable value represents the carryover amount from a previous BAS period.

• This value is included in GST calculations and is reflected in the GST Summary.

• Previous GST balances are configured separately. Refer to the GST Configuration help article for more information.

4. Assigned GST Account

By default, your Primary Account will be the Assigned GST Account, as you can see in the Accounts Section of the Budget Grid.

• This account can be changed at any time if required. You can read our help articles on configuring GST and Bank Accounts.

• Once assigned, Agrimaster automatically applies GST remittance and refund transactions to the selected account.

• You can also see the BAS frequency reflected in the account, ensuring GST payments and refunds are scheduled according to your reporting cycle.