Build the revenue and cost sheets

Price what you sell on Revenue, then build the cost lines on Costs.

Revenue and Costs are where most of your time goes. Revenue is what you sell and when it settles; Costs is every cost line, from the land to the selling costs.

1. 1

   Open Revenue

   Select "Revenue". The sheet is headed "Revenue", with the line "What you sell and when it settles. GST and sales commission come off at the foot."

2. 2

   Enter prices including GST

   Revenue figures are entered including GST; the sheet marks this "Prices include GST". The GST comes off on the "Less GST" line at the foot, by the study's GST method, followed by "Less sales commission".

3. 3

   Choose the GST method

   The GST method is set under "GST treatment" in "Preferences": "Margin scheme (valuation)", "Margin scheme (cost %)", "Manual GST" or "General tax rule".

4. 4

   Open Costs

5. 5

   Add cost lines

6. 6

   Choose how a line is calculated

7. 7

   Know how stamp duty is worked out

8. 8

   Download the lines