Change when GST collected is collected

[Intuition]

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 Trade Debtors (DEBIT) as well as Income Recieved in Advanced and GST Collected (CREDIT). 

We want to change this so the GST collected is only reocrded at point of income coming in. I understand this is a CASH rather than ACCURAL accounting, but when we were testing this we couldn't seem to change the way GST reocrded is being recognised.

We mainly use the API to create invoices and payments. Ideally the flow would be:

1. On a new invoice we create a transaction in Trade Debtors, and say Income Invoiced in Advance.
2. At payment time we recognise the GST collected, and then make the relvant changes to trade debtors and move the income to the correct account.

I'm hoping that we can do this within MYOB automaticlaly without having to create lots of journal entries.

[Mike_James]

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.