Overview

This is the area of the system where the GST/VAT/Sales Tax is configured to match your local tax jurisdiction. You can set the 'GST_Alias' in the Admin area so that your system will refer to GST as GST/VAT, or Sales Tax throughout the application.

NOTE: In Actionstep we refer to INPUT tax as tax coming into the firm (tax collected on sales), and OUTPUT tax as tax going out from the firm (tax paid on purchases).

Global Tax Return Plugin List

To access the list of returns loaded into your database, go to Administration > Accounting > Tax Return Plugins

In order to add a new one, click "+Install Plugin" which will give you a list of any available plugins.

Division Config

Note: If you are on a divisionalised database, please enter the Accounting Administration area through the division you wish to configure. 

This gives you a list of the Tax Returns installed for this division

• To add a return type to a Division, click the "+Install Plugin" button.  
• To edit an existing plugin, click on the notepad icon or the identifier name.

Configuration options for the Return plugin

Edit as required:

   1. Custom Display Name: Name the return

   2. Sort Order: When you have a list of different returns, where would you want this to sit (at the moment GST is1 as there are no others)

   3. Status: Enabled - currently using / Disabled - no longer registered.

   4. GST Taxable Period: How often do you file

   5. Accounting Basis: 

Select your basis - If you do not know, check your  correspondence for the Government Agency which deals with this.

    6. Payments/ Refund Allocation: 

Leaving payments will just keep adding the payment figure - the balance sheet will always shown everything paid, every thing collected and every amount refunded or paid to IRD

We recommend using:

Reverse - will clear out the balances and offset them against the appropriate account. It will do this by creating the Journal at the specified date (see below), as soon as the GST return is marked as filed. The balance left in the GST payments account will match the return and clear when the payment is processed.

Note: this is a new feature at the Nov 10 release, if you take the option of clearing the accounts it will not do so for any retrospective returns - should you wish to do this, please contact the Actionstep support team.

   7. Journal Transaction Date: Specify the date in which any Auto Journals created will post to your ledger.