Missing Source Document
If we don't receive a source document after two requests, we will reconcile the bank transaction without a source document. This may be to your disadvantage.
If it's a new supplier or we can't identify the supplier, we will run a Google search. The decision to reconcile as 'GST on Expense' or 'GST Free Expense' is always tricky.
Here are our guidelines:
- If it's an existing supplier -> reconcile as per previous pattern
- If it's an existing supplier with mixed GST supply -> reconcile as per previous category / GST Free Expense
- If it's a new supplier that we recognise -> choose an appropriate category / make an informed GST decision
- If it's a new supplier that we don't recognise -> run a Google Search to identify / choose an appropriate category / GST Free Expense
- If it's a new supplier that we can't identify -> reconcile to Owner Drawings / BAS Excluded
- If we can't identify the transaction at all -> reconcile to Owner Drawings / BAS Excluded
- If we are certain that the transaction isn't a valid business expense -> reconcile to Owner Drawings / BAS Excluded