Fastbase

GST Control Accounts:

Tax Inputs Account:
Tax Outputs Account:
Enter the tax inputs and outputs accounts. The GST Report refers to these accounts. The GENERAL LEDGER UPDATE also uses these accounts.

Adjustments for Journals:
Values posted here are placed in section 9 of the GST Report.

Deferred GST/Adjustments:
Values posted here are placed in section 13 of the GST Report.

Note: Add a separate GL account called GST payments, when coding GST payments/refunds use this account.
This will ensure that payments/refunds will not be included in the GST report.
For further instruction about GST processing please contact your FastBase support staff.

Misc Control Accounts:

Suspense Account:
Specify the general suspense account.

Profit/Loss Account:
Specify the profit and loss account, the Balance Sheet uses this account.

Exchange Variance Account:
Enter the exchange variance account. Exchange variances will automatically be posted here by the GENERAL LEDGER UPDATE.

Retained Earnings Account:
Specify the retained earnings account, year end processing will automatically post the profit/loss figure here; see Year End Processing.

Fastbase Accounting System - Online Manual Utilities - Module: General Ledger	Document 103379/1 Entered Thu, 19 Jun 2003 15:04 by Peter Campbell Updated Tue, 6 Nov 2007 10:31 Previous
General Details Name of Accounts: Enter the name used to refer to these accounts, the default is 'Account'. Name of Types: Enter the name to refer to the main account classification. The default is 'Type'. Name of Sub-types: Enter the name used to refer to the second account classification. This defaults to 'Subtype'. Length of Account Numbers: Enter the number of characters the longest account number will be. The minimum should be 6. This value will be used on screens and reports. Length of Account Names: Enter the number of characters the longest account name will be. This value will be used on screens and reports.
Control Details	Document 103379/2 Updated Tue, 6 Nov 2007 10:31
GST Control Accounts: Tax Inputs Account: Tax Outputs Account: Enter the tax inputs and outputs accounts. The GST Report refers to these accounts. The GENERAL LEDGER UPDATE also uses these accounts. Adjustments for Journals: Values posted here are placed in section 9 of the GST Report. Deferred GST/Adjustments: Values posted here are placed in section 13 of the GST Report. Note: Add a separate GL account called GST payments, when coding GST payments/refunds use this account. This will ensure that payments/refunds will not be included in the GST report. For further instruction about GST processing please contact your FastBase support staff. Misc Control Accounts: Suspense Account: Specify the general suspense account. Profit/Loss Account: Specify the profit and loss account, the Balance Sheet uses this account. Exchange Variance Account: Enter the exchange variance account. Exchange variances will automatically be posted here by the GENERAL LEDGER UPDATE. Retained Earnings Account: Specify the retained earnings account, year end processing will automatically post the profit/loss figure here; see Year End Processing.
Account Structure	Document 103379/3 Updated Thu, 19 Jun 2003 16:03
The GL account code can be made up of numbers, letters (alphanumeric) and separators. For most companies this page is left as is, if unsure leave as is. For companies which have multiple branches or departments in their general ledger and have different sales accounts for each branch then you need to specify where the branch is in the GL account sequence. Contact your FastBase support staff for further assistance at this stage.

General Details