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My Name is Lars Thomsson, I am new to MYOB and to this community, (pretty new to NZ as well, moved from Sweden recently)
I have just taken over as the in house accountant and we have extended our financial year to June 2016 (from 31/03/2016), MYOB can't handle the 18 months so we have to close the finacial year and do a short 3 month FIY. We have changed our GST reporting period to match our new finacial year, but that means that our next GST return will cover the period 1/03/2016 - 30/04/2016 with a year end at 31/03/2016.
My question is, Can MYOB do a GST return with a month on each side of a financial year?
Solved! Go to Solution.
As long as you haven't rolled the prior financial year and you choose the correct last month and that the return is for 2 months - yes you can produce a return across the financial year. It is not dependant on financial year.