MYOB Essentials

Payables and Receivables with Tax

AnnetteH
1 Post
Cover User

Could we please have reports of Payables with Tax and Receivables with Tax as per AccountRight included in Essentials?

I think that most Essentials customers report GST on a cash basis.  One of the checks I perform before submitting a BAS is to check the balances of the GST Collected and GST Paid accounts against the amounts to be reported in the BAS.  With non-cash reporting, the two should match so that's easy.  With cash reporting the difference should be the GST on outstanding payables and receivables at the end of the quarter.  Hence I would really appreciate this report being available in MYOB Essentials so that I can complete this check.