Sales Tax Report and Tax Transactions balance
I have one Sales Tax called Goods and Services Tax at 15.00%. If I run a Sales tax Report for the entire period that I have been in business 01/04/2015 to 28/02/2020 (NZ date format ddmmyyy) I have an Ending Balance of 5213.91
Drilling into the GST transaction and expanding the range to match the Sales tax Report of 01/04/2015 to 28/02/2020 (NZ date format ddmmyyy), I have an Ending Balance of 4057.23.
Both of these are using Cash and Cash Equivalents.
There are no outstanding invoices or payments.
Should these not line up?
I wonder if something happened when Wave moved from the GST Payable and Receivable accounts to the merged GST account.