Describe any Australian business transaction in plain English — get the correct double-entry journal with debits, credits, GST codes (G1, G10, G11, BAS Excl), Xero and MYOB account names, and a plain-English explanation. Powered by AI, based on Australian tax law.
Describe the transaction
Your journal entry will appear here. Describe the transaction above and click Generate.
AI is analysing the transaction…
| # | Account | GST Code | Debit (DR) | Credit (CR) |
|---|
Describe any transaction the way you'd explain it to a colleague. The AI understands Australian accounting standards, applies correct GST treatment, and generates properly balanced debit/credit entries with account suggestions for your software.
Perfect for bookkeepers learning Australian GST rules, checking unusual transactions (hire purchase, director loans, prepayments), or quickly confirming correct coding before posting.
Handles common transactions well. For Division 7A loans, FBT calculations, trust distributions, business sales or CGT events — always engage a registered tax agent.
| Code | Name | When used | BAS label |
|---|---|---|---|
| G1 | Taxable Sales | Sales where you charge 10% GST | G1 |
| G10 | Capital Acquisitions | Purchases of capital assets with GST | G10 |
| G11 | Other Acquisitions | Normal business purchases with GST | G11 |
| GST Free | GST-Free Supply | Exports, basic food, medical, education | Shown in G1, excl. from 1A |
| Input Taxed | Input Taxed Supply | Financial supplies, residential rent | Not on BAS |
| BAS Excl | BAS Excluded | Wages, bank fees, owner drawings, ATO payments | Not on BAS |
Australian bookkeeping uses these GST codes: G1 (taxable sales — you charge 10% GST), G10 (capital acquisitions with GST), G11 (other business acquisitions with GST), GST Free (exports, basic food, medical services), Input Taxed (financial supplies, residential rent), and BAS Excluded (wages, owner drawings, ATO payments). This AI tool applies the correct code to every line of the journal entry.
Every transaction must have equal debits and credits. For example, purchasing equipment for $1,100 including GST: debit Equipment $1,000, debit GST Receivable $100, credit Bank $1,100. Total debits ($1,100) equal total credits ($1,100). This tool generates fully balanced entries that comply with Australian accounting standards and GST law.
In Xero, use the GST on Expenses account with tax rate G11 (non-capital) or G10 (capital) for purchases where you claim the GST credit. In MYOB, use the corresponding tax code. This journal entry tool provides Xero and MYOB-specific account name suggestions alongside each entry line, making it easy to post accurately in your accounting software.
BAS Excluded transactions don't appear on your Business Activity Statement. Common examples include: wages and salaries, superannuation contributions, loan repayments (principal component), owner drawings or capital contributions, ATO tax payments (income tax, FBT), and bank fees. These transactions have no GST component and are excluded from both the GST and PAYG sections of the BAS.
🔗 Related free tools: GST Classifier · ABN Lookup · BAS Preparation Checklist · All Free Tools
OrtúsPro Global provides outsourced bookkeeping for Australian businesses — so every transaction is coded correctly and your BAS is always on time.