Drawings

Modified on Thu, 3 Oct, 2024 at 12:00 PM

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Introduction

When money is receipted and allocated to an invoice, INSIGHT sets aside the portions (as per invoice or receipt) for your income, GST and credit card fees (if applicable). These portions are stored in the Drawings area, where they can be “drawn out” and managed externally (for example, arrange to pay GST to the ATO). This article discusses how to draw income, GST and credit card fees.

Income

	Select Drawings, New Drawing, Income, then Next.
	Select the checkboxes beside the transactions you wish to draw income from, then select Next. QUICK TIP: Select the Approve checkbox in the blue header to auto-select all checkboxes.
	Use the Drawing Reference field to enter a reference that easily identifies this payment to you - this is a mandatory field. Use the Notes field to enter additional comments - this is not mandatory however this will display in the remittance unless otherwise configured in the document template.
	Select Post to Accounts and Yes to the confirmation message.

GST

IMPORTANT: The Income must be drawn before you can draw out the GST.

	Select Drawings, New Drawing, GST, then Next.
	Select from the options, then select Next. Options: Draw all Earnings GST Draw GST for Credit Card Feed Only
	Select the checkboxes beside the transactions you wish to draw income from, then select Next. QUICK TIP: Select the Approve checkbox in the blue header to auto-select all checkboxes.
	Use the Drawing Reference field to enter a reference that easily identifies this payment to you - this is a mandatory field. Use the Notes field to enter additional comments - this is not mandatory however this will display in the remittance unless otherwise configured in the document template.
	Select Post to Accounts and Yes to the confirmation message.

Credit Card Fees

IMPORTANT: The Income must be drawn before you can draw out the credit card fees.

	Select Drawings, New Drawing, Credit Card Fees, then Next.
	Select the checkboxes beside the transactions you wish to draw income from, then select Next. QUICK TIP: Select the Approve checkbox in the blue header to auto-select all checkboxes.
	Use the Drawing Reference field to enter a reference that easily identifies this payment to you - this is a mandatory field. Use the Notes field to enter additional comments - this is not mandatory however this will display in the remittance unless otherwise configured in the document template.
	Select Post to Accounts and Yes to the confirmation message.