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MYOB generated GST form incorrect

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WLML
2 Posts
Cover User
New Zealand
Solved: Go to Solution

MYOB generated GST form incorrect

I've just generated a GST form to input into the online IRD form as the GST lodgement isn't working for me. The total GST payable calculated by MYOB is incorrect. The MYOB form seems to be adding the box 10 and 14 together instead of subtracting them. Copy of the GST reports is attached.

Many thanks,

Rachel

2 REPLIES
Ultimate Partner jenniek
2,022 Posts
Ultimate Partner
New Zealand
Accepted Solution Solved Solution

Re: MYOB generated GST form incorrect

Hi there @WLML

You can't have negatives on the GST form. A negative in the purchases means you are paying back GST on purchase credits? - you will need to add these amounts to the Total sales figures to get your purchases back to a positive figure, then the form should add correctly.

Regards,
Jennie Kingma
JK Business Systems Ltd, Hamilton, NZ
Email: jennie@jkbusiness.co.nz
WLML
2 Posts
Cover User
New Zealand

Re: MYOB generated GST form incorrect

Thanks. I just realised it's because of the General Journal adjustments I paid for the disposal of assets.
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