...
Tax Rate 10% The 10% The GST rate in force
Round to cents 001 001 The rounding value for calculations
...
Base GST on Invoices/Payments P The system is set to Payments (cash practice) ("I" for Invoice implies an accrual practice).
Once configured, GST is calculated automatically for every GST item that is billed/paid for in the system. All GST amounts are recorded in the Other, GST Reporting screen.
...