Change when GST collected is collected
Hi, I'm looking at changing how we integarte our CRM into MYOB and one this we are trying to do is change the way GST collected is reocrded. Currently when a new invoice is created we record it in ...
Forum Discussion
Hi Intuition , it's not possible, or desirable, to change the way GST is recorded as part of a sales invoice. Ignoring integration for a moment, a customer payment settles the invoice, and then you can report GST on either an accrual (invoice) basis or on a payments (cash) basis.
Provided the customer's payment is matched against the original invoice (via Customer Payment transaction), then nothing else should be needed.
For reporting of income as you describe, journals are fine.