Includes the following for Early Childhood 86950 ECD Light Childhood G11 Development facilities refreshments ON Development G14 on site provision of light refreshments to all staff SITE facilities providing and visitors. morning/afternoon Includes monthly committee meetings and tea, finger food, and greet’ new staff and parents, planning ‘meet refreshments at days etc. meetings etc (All provided with Refer to FBT Fact Sheet link below NO ALCOHOL) For GST code refer tax fact sheet General Ledger Expenditure Trading and Fundraising – – Acc Account Account Description GST Business Rules/ Further Information Code Code 89101 Trading Costs relating to G11 Includes bookstall (if the intention is to make a profit), Operations a school trading G14 canteen, and vending machines. Excludes salaries and Payments operation where a wages paid to School Council employees profit is anticipated refer account code 80052 Other Non- Teaching Staff. – For GST code refer tax fact sheet G13 Canteen expenses and other fundraising expenses (e.g. bookshop, uniform shop) where an Input Taxed election is passed through school council should be coded as Input Taxed (G13) no GST will be claimed – back on these expenses. For an extensive list of GST treatment of fundraising refer to: NP6 fundraising expenses (e.g. fete, chocolate drive etc), where an NPSE election is passed through school council, should be coded out of scope (NS6) –see fundraising link above. For GST code refer tax fact sheet and 89102 Non-Profit Activities where a G11 For example, purchase of Grade 6 /Yr 12 windcheaters Trading profit was not G14 (this event or similar could also be run as NP6, see Operations planned or below) where no profit is planned and the school does anticipated. not operate a uniform shop. The revenue for these items should be coded to Non-profit Trading Operations (74403) Where the school acts as an agent for NP6 Payment of monies collected for Appeals, e.g. Royal the collection of Children’s Hospital, Red Nose Day and Scholastic Book funds. Club. Also includes staff association expenses. GST not to be claimed. All revenue received For GST code refer tax fact sheet and for the non- profit trading operation
86950 ECD Light refreshments ON SITE Childhood Development facilities providing morning/afternoon tea, finger food, refreshments at meetings etc (All provided with NO ALCOHOL) G11 G14 Includes the following for Early Childhood Development facilities on site provision of light refreshments to all staff and visitors. Includes monthly committee meetings and ‘meet and greet’ new staff and parents, planning days etc. Refer to FBT Fact Sheet link below For GST code refer tax fact sheet General Ledger – Expenditure – Trading and Fundraising Acc Code Account Account Description GST Code Business Rules/ Further Information 89101 Trading Operations Payments Costs relating to a school trading operation where a profit is anticipated G11 G14 Includes bookstall (if the intention is to make a profit), canteen, and vending machines. Excludes salaries and wages paid to School Council employees – refer account code 80052 Other Non- Teaching Staff. For GST code refer tax fact sheet G13 Canteen expenses and other fundraising expenses (e.g. bookshop, uniform shop) where an Input Taxed election is passed through school council should be coded as Input Taxed (G13) – no GST will be claimed back on these expenses. For an extensive list of GST treatment of fundraising refer to: NP6 fundraising expenses (e.g. fete, chocolate drive etc), where an NPSE election is passed through school council, should be coded out of scope (NS6) –see fundraising link above. For GST code refer tax fact sheet and 89102 Non-Profit Trading Operations Activities where a profit was not planned or anticipated. Where the school acts as an agent for the collection of funds. All revenue received for the non- profit trading operation G11 G14 For example, purchase of Grade 6 /Yr 12 windcheaters (this event or similar could also be run as NP6, see below) where no profit is planned and the school does not operate a uniform shop. The revenue for these items should be coded to Non-profit Trading Operations (74403) NP6 Payment of monies collected for Appeals, e.g. Royal Children’s Hospital, Red Nose Day and Scholastic Book Club. Also includes staff association expenses. GST not to be claimed. For GST code refer tax fact sheet and
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