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This worksheet will help you keep proper GST records of your taxi earnings and expenses. You should fill in the worksheet at the end of each shift and you should keep all your receipts to support your expenses.
Day Month Year
Drivers name:
Shift details
Date Shift Operators name Distance travelled km
Period ending:
Gross earnings (including GST)
Cash (1) $ $ Credit (2) Total taxi takings (1 + 2) = (3) $ Rental to operator (4) $
TOTAL (YTD)
* This column can be used for a regular expense that is not reimbursed by your operator. For example, some drivers pay for the fuel they used during a shift, this amount can be recorded under Other expenses.
Drivers name:
Joe Driver
Shift details Gross earnings (including GST)
Distance travelled km Cash (1) $ $ Credit (2) Total taxi takings (1 + 2) = (3) $ Rental to operator (4) $ Wash taxi (5) $
Period ending:
Expenses (including GST)
Other expenses* Description Amount (6) $
3 0
0 4
2 0 0 9
Net earnings (3 7) = (8) $
Date
Shift
Operators name
John Smith Alan Black Alan Black John Smith Alan Black Alan Black
Page total
1,708
1,202.20
523.00
1,725.20
862.60
18.00
37.00
917.60
807.60
GST calculation
GST collected less GST credits* equals Net GST payable Check calculation $156 Total takings divided by eleven (1,725.20 11) ($83) Total expenses divided by eleven (917.60 11) $73 Subtract GST paid from GST collected (156 83) $73 Net earnings divided by eleven (807.60 11)
* When we say GST credits, we are referring to the GST term input tax credits.