How GST Recovery is Handled (GST Flowthrough)

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The GST Recovery Process (JIBU066, also known as GST Flowthrough) adds GST to transactions after they have been distributed. This can be used to add GST to facility charges interfaced from Qbyte Metrix. GST will be added to the billing_details records during the GST Recovery Process and the Generate Joint Interest Billings process (JIBU026) will include it on the JIB statements.

Set up for the GST Recovery Process is done in the GST Flowthrough screen in Qbyte FM using the following menu path: Core Maintenance > Joint Interest Accounting > GST Flowthrough

GST flowthrough records are set up for the gross processing fees account(s) and, if required, the applicable cost centre and partner. If the partner is left blank, GST flowthrough will be calculated for all partners for the account and cost centre combination. If the cost centre is also left blank, GST flowthrough will be calculated for all cost centres and partners for the gross processing fees account. GST is calculated using the GST rate that was entered in the Tax Rates screen on the menu under Core Maintenance > Financial.

The order of processing GST Recovery is important:

1. Run Generate JIB Accounting Transactions (JIBU024).

2. Post the JIBU024 voucher.

3. Run the Qbyte Metrix Interface (REVU066).

4. Post the REVU066 voucher.

5. Run the GST Recovery Process (JIBU066) – Adds the GST to the billing details records.

6. Run Generate Joint Interest Billings (JIBU026) – Puts the GST on the JIB statements.

7. Post the JIBU026 voucher.