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  • Writer's pictureEH Lim

How to print a GST Report from MoneyWorks accounting software?

Refer to MoneyWorks v7 User Guide, Page 201, “GST, VAT, Sales Tax & Tax Codes”.

The GST report can be printed from the Reports menu | GST Report. As an audit control, the current GST Cycle has to be finalised before you can move on to the next GST Cycle; and once the GST has finalised, the transactions which have been finalised will not be printed again in the following GST Cycle.

After finalised the GST (Example: January to March), if you recorded a transaction into the finalised period (such as March), this transaction will be picked up in the following GST Cycle.

You have an option of printing the GST report as:

  • GST Summary

  • GST with transactions

  • GST with Details breakdown

In the print wizard, if you unchecked both the “Show Transactions” and “and Details” checkbox, a GST Summary will be printed. The GST Summary report only consists of the total GST Paid (GST Input) and GST Received (GST Output).

User should consider printing at least a GST report with transactions (check the “Show Transactions” checkbox when printing the GST Report). This report serves as a supporting report if auditor were to query about your GST. This report shows the Net, GST and Gross of the transaction.


If the transaction consist of 3 items:

Item Net GST Gross

item 1 8,0000.00 560.00 8,560.00

item 2 3,000.00 210.00 3,210.00

item 3 60.00 4.20 64.20

The GST transaction report will be printed as:

Net GST Gross

11,060.00 774.20 11,834.20

If your transaction has more than one GST code, then printing a GST report with a detail breakdown will be a better choice than printing the GST report with transaction alone.

In the GST with detail breakdown report, the GST code, which tagged to the line item will be printed. This helps the accountant to check to ensure a proper GST code is being used in the transaction.

Although *GST Code is a system code which does not have a GST value, line item with a *GST Code will still be printed, so the accountant can check to ensure that the taxable item was not wrongly coded to a *GST Code.

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