Cash Book payments to a General Ledger account can be attached to a job. When activated, a journal is created and costs are updated into the Job Costing system. Attaching a job code to the payment disables the ledger account and sets it to the Work in Progress account for the stage in that job code. There is no mark-up on these payments and the Charge amount is equal to the Ex GST amount. There is no posting for the Charges.
Example
| Ex GST | GST | Inc GST | Charge | |
|---|---|---|---|---|
| 1200-300-00 | 2,300.00 | 230.00 | 2,530.00 | 2,650.00 |
| 1200-600-00 | 1,500.00 | 150.00 | 1,650.00 | 1,800.00 |
| Totals | 3,800.00 | 380.00 | 4,180.00 | 4,450.00 |
Journal
| Ledger | BAS Code | Debit | Credit | Job Number |
|---|---|---|---|---|
| Work in Progress |
|
2,300.00 | xxx-xxx-xxx | |
| GST 11 - Purchases |
|
230.00 | xxx-xxx-xxx | |
| Bank Account - from Cash Book Payment form | 2,530.00 | xxx-xxx-xxx | ||
| Work In Progress |
|
1,500.00 | xxx-xxx-xxx | |
| GST 11 - Purchases |
|
150.00 | xxx-xxx-xxx | |
| Bank Account - from Cash Book Payment form | 1,650.00 | xxx-xxx-xxx | ||
| Totals | 4,180.00 | 4,180.00 |
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