Forum Discussion

Possum2's avatar
Possum2
Experienced User
2 years ago

GST OVERPAYMENT REFUND FROM A PREVIOUS YEAR

Hi,   I took over the role of Treasurer for a small NFP last year.  We have received a refund for a GST overpayment  from 2020 that has been sitting at the ATO.  I am hoping someone can advise how ...
Possum2's avatar
Possum2
Experienced User
2 years ago

Thank you :)

  • Possum2's avatar
    Possum2
    Experienced User
    2 years ago

    Sorry, actually I read that, but the issue is that this an overpayment from a couple of years ago and MYOB is accounts are set up with gst collected and gst paid.  Maybe I just create a payment and allocate to tax refund? 

    • Genreve_S's avatar
      Genreve_S
      MYOB Moderator
      12 months ago

      Hi Possum2, 

       

      Thanks for your reply. 

       

      Since this was from a couple of years back, I would suggest you talk to your financial advisor about how to record this. 

       

      If there are any other questions you have regarding anything in the application feel free to let us know. 

       

      Cheers, 

      Genreve