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How to record the sales and purchase transactions in order to get correct GAF?
Author: Irene Mok Reference Number: AA-03039 Views: 5483 Created: 2015-04-01 13:00 Last Updated: 2019-05-08 10:53 0 Rating/ Voters

If you do not manage inventory, Billing system would be sufficient to address GST requirements and reporting.  

Via the Billing system, you will enter sales transactions where you will need to specify customer name, item being sold, value of item, tax code [if set properly] will be auto displayed and calculated automatically by the system.  The same will apply when entering purchase transactions.

Once you post these transactions over to accounting system, GAF can be generated as shown in the sample below:

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