How do I record a business expense and claim GST credit on it in Aicountly Billing?
I paid a vendor for an office expense and want it in my books with the GST credit.
1 Answer
Aicountly Product Guide
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Open Expense (from the quick actions or the More menu). Fill in What is this expense for?, the Expense Date, the Expense Amount and Paid From (the cash or bank account you paid from). You can add a Bill / Receipt by dragging in a file or clicking to upload it.
To claim input GST credit, pick a registered vendor and then a GST Treatment; Aicountly Smart Books works out the credit split. If no GST categories are set up for the company, the expense is recorded without one.
If the same amount is already recorded under the same head, Billing shows a Possible duplicate expense warning before you save, so you do not enter it twice. Whether the credit is actually allowed still depends on GST rules, so confirm doubtful cases with your CA.
Aicountly Product Guide · 40m ago
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