Scenario:
Client is required to pay a 10% deposit for a sales invoice amounting RM10,000. Therefore, you need to account for GST when you receive the deposit.
Suggested solution for Sage One:
1. Record the receipt in Customers > Transactions > Customer Receipts.
Only record this section of the Receipt entry screen.
2. Record the GST amounts in Customers > Transactions > Customer Adjustments > Quick Entry Grid
Record the above two transactions; one is increase and the other is decrease.
3. View the Tax Report and you can see the taxable receipt amount and GST amount are captured:
4. When you issue the invoice, go to the Customer Adjustments and reverse the transactions. If you view the Tax Report, it will appear:
