What does this mean
The ONLY effect will be that when you enter the transaction, Palace will expect that the amount you are entering includes GST. It will then calculate how much of the toal is GST (for the GST ledger) and the reminder to posed to the fee ledger. There is no effect on statements and transactions and all other reports, which will continue to show the exclusive GST amount and the GST amount.
Under File - System set up
- Management Options
-you can tick a box "Admin and Inspection fees are GST inclusive"