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GST Registered

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GST Registered

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GST Registered

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Operator Returns

I have given 2 examples below to try demonstrate the difference between an operator that charges GST and an operator that does not charge GST. The VC will ALWAYS charges GST on their commissions as they are registered for GST.

Example 1

In this example the VC charges 10% commission plus GST. The booking total in each case is $110.

If an operator charges GST:

VC Charges Commission 10% x $100 = $10

Charges GST of 10% on $10 = $1

Therefore $11 is charged and $99 is remitted to operator.

Therefore in Bookeasy the commission needs to be stored as 11% in the field provided.

If an operator does not charge GST:

Charges Commission 10% x 110 = $11

Charges GST of 10% on $11 = $1.10

Therefore $12.10 is charged and $97.90 is remitted to the operator.

Therefore in Bookeasy the commission needs to be stored as 11% in the field provided.

Example 2

In this example the VC charges 10% commission including GST. The booking total in each case is $110.

If an operator charges GST:

VC Charges Commission 9.09090909% x $100 = $9.090909

Charges GST of 10% on $9.090909 = $0.909090

Therefore $10 is charged and $100 is remitted to operator.

Therefore in Bookeasy the commission needs to be stored as 10% in the field provided.

If an operator does not charge GST:

Charges Commission 9.09090909% x 110 = $9.999999

Charges GST of 10% on $9.999999 = $0.99999

Therefore $11 is charged and $99 is remitted to the operator.

Therefore in Bookeasy the commission needs to be stored as 11% in the field provided.