• How are GST Returns Displayed in my Actual Cashflow?

    Once a transaction has been entered into the Transaction screen, it will appear in your Actual Cashflow based on the date the transaction occurred in your bank account.

    GST payments and refunds may be submitted to Inland Revenue (IRD) before or after the due date and will be reflected in your Cashflow screen when viewing actual data.

    Early or Late Payments

    Any payments that are paid earlier or later than the dates set by IRD will differ to any predicted payments in your budget because Cashmanager RURAL predicts payment dates based on your financial year end and the frequency of GST periods for your business.
    This can be seen clearly when displaying actual transactions on Line One and budget data on Line Two.

    Twice per year Inland Revenue (IRD) sets payment dates that are different than the normal patterns and Cashmanager RURAL automatically adjusts for these; however, customers used to paying bi-monthly may prefer to still pay as normal (i.e. on the 28th).

    For example, Campbell follows a bi-monthly schedule of GST returns. The extension dates set by Inland Revenue mean that instead of a GST return being due on 28 December 2015, it is due on 15 January 2016.

    If Campbell files his GST returns according to Inland Revenue’s dates, his actual transactions in the Cashflow screen will show adjacent GST returns in January and February (a break from his normal pattern) and this will match his budget.


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