Australia GST
GST invoicing and accounting for Australia
Pick Australia when you set up and Kanakku configures GST for you: Australian dollars, a July to June financial year and GST at 10%.
What you get when you pick Australia
CurrencyAustralian dollar (AUD)
Financial yearJuly to June
TaxGST
Rates10% GST
Your chart of accounts, tax accounts and default tax rates are created for you at the same time, so you can start invoicing straight away.
How the tax is worked out
- GST of 10% is worked out on each line's net amount, after any discount.
- The rate is applied on the server, so it cannot be changed from the browser.
- ABN numbers are checked as you enter them.
Reports from your books
- BAS summary
- Tax summary
- Profit and loss, balance sheet and trial balance
Figures come from the tax accounts in your ledger, so they reconcile to your trial balance.
Good to know
- Your country, currency, tax regime and financial-year start are fixed once you record your first transaction, so choose them carefully during setup.
- Kanakku prepares the figures for your return. Check your filing obligations and rates with your accountant; this page is not tax advice.
Frequently asked questions
Does Kanakku produce a BAS summary?
Yes. The BAS summary is built from your ledger's GST accounts and the sales and purchase accounts for the period.
What GST rate does it use?
10%, applied to each line's net amount after discount.
Set up Australia GST in a minute
Start on the Free plan, choose Australia, and Kanakku configures the rest.