Issue
There is a processed Accountancy fee / Auditor fee in Trust, but no GST is picked up.
Cause
This is due to the default setting for accountancy fee and auditor fee being Non-Creditable Acquisition.
Resolution
You will need to create a new expense type with the preferred GST category.
Navigate to Business Level > Settings > Fund Expense
- Category Type - select Administration Expense
- Click Add New Income Expense Type
- Fill in the details to create a new expense transaction type with the preferred GST category
- Save
- Go back to the fund and process the expense under new this new type
It is not recommended to override the GST category of the Class' default Accountancy fee / Auditor fee transactions as it will apply to all super funds, trusts, and portfolios in the business.