If you report GST on a Cash (Payments) basis, the branch payments should only be recorded when the actual payment to head office is made. When you record the payment, use the Head Office Clearing account (created earlier) to pay the Bills from the branch stores. - Go to the Purchases command centre and click Pay Bills.
- Select the Pay From Account option and then enter the Head Office Clearing account in the adjacent Account field.
- Select the branch's Card and apply a payment against the Bills being paid. If all the Bills are being paid, click Pay All.
- Repeat step 3 for all branch Cards that need to have payments applied.
The above steps will: - close the branch Bills, and
- consolidate the value of the branch Bills with a series of withdrawals from the Head Office Clearing account.
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