Initial GST setup by Readysell
Readysell will prepare your initial gst position as follows:
...
- The general ledger accrued basis GST receivable - cash basis GST receivable
- The general ledger accrued basis GST payable - cash basis GST payable
- Extact a GST batch and include the two GST items above in the batch. Then post the batch.
Handling the end of your first GST period on Readysell