Uber Driver Accounting - How to correctly account
AS an Uber driver we need to capture income and expense for the purpose of GST reporting.
Uber drivers pay GST from $0
Uber drivers get paid the total fair - the fees paid to UBER
i am using the QB mobile app, and have not found a way to capture this.
Essentially we are sent a statement from Uber each week which shows the total payout. Payout is broken down into
Fares - Total
Payout (including GST)
In an example where the overal fares charged is $100, drivers will see about $70 in there account.
However 2 things have happened to get to that point
1) $100 is paid including around $10 worth of GST to the driver (from the rider)
2) $30 is paid from the driver to Uber as service fees which accounts for $3 GST and $27 fee
3) GST net would be $10 received and $3 paid, meaning i need to pay ATO $7 on GST.
Issue is bank feed only see the $70 and i have not seen anyway i can capture all this other stuff?