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Deleting BAS to re do
Hi I am new to Business Lite... After completing the first quarter BAS in MYOB Business Lite, we had a late invoice come in that I want to include. Am I able to delete this & re do? I can't see a "revise" button. Note: We lodge BAS manually to the ATO Thank you kindly Sue
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Car Purchase- MYOB Business
We recently put $35k down on a company car purchase. I had to transfer the deposit to the business account. So I currently have a $35k transfer in and a $35k payment out to the car dealership in my bank feed. I currently have a motor vehicle asset and expense account set up, but I haven't had to use them before, so I want…
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Where do I enter PAYG instalment
I’m trying to "Create a BAS report" (not "File with MYOB") and the ATO has prescribed a PAYG amount for me to pay. I can't find anywhere to enter this amount when preparing the BAS. The BAS total in MYOB is wrong by the amount of the ATO-prescribed payment. Where do I enter it?
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contact emails disappearing
Hi MYOB Support, Email addresses saved on our customer contact cards keep disappearing. We enter or update them, they save fine, and then later they're blank again. Because of this, invoices aren't going out by email. please advise why this is occuring and when this issue will be fixed, its been ongoing for approximately 2…
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Recording BAS that you are paying off
I did not have enough funds to pay my BAS. I am paying it off. How do I record this properly to reconcile all accounts?
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Creating a journal entry for a loss on the sale of a fixed asset
Hi, I use Business Lite. I have just sold my old work vehicle. I have an account (journal) under fixed assets called Vehicles. The asset is recorded at $2500. I have just sold it for $1200. I created an invoice for the buyer and set the category for the line item to Vehicles. So that side of the equation is sorted. Quite a…
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Our balance sheet doesn't balance!
I have belatedly found an error in our balance sheet report with the retained earnings figure in the new year after year end, differing from the total equity figure at year end. We report on a cash basis and year end is 30 Sept. 30 Sept'24 Total equity = $156,538.36 but at 1 Oct'24 Retained earnings = $157,448.36 These two…
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Novated Leasing without Flare
Hi All, I've searched, and asked my accountant, who is awaiting a response from MYOB for this question. How do I setup a novated lease to claim the ITC for the lease fees and have MYOB actually do what it is supposed to and help me properly account for my BAS. Initially I setup a liability account to capture my payroll…
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Historical Balancing
I noticed an amount in my Balance Sheet under Accounts Payable and conducted some investigations. I determined that I had some invoices that were dated prior to my start date for MYOB use. Invoices as below. All invoices have payments recorded against them. When I looked into one of the invoices, an information message…
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Problems with Migration
I have just transferred by MYOB AR file to Business Lite and have a couple of problems with Sales that have come across and also a trial balance and ap problem. As I have been using myob for years some date back to 2006. Hope someone can help or give me journal entries to make correct. ISales DateInvoiceAmt Status…
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Extracting old data
Hi. I have MYOB files from 2000-2001 that I need to retrieve some data from. Is that even possible any more? Is there any program that will just pull the text out of it so I can see what was paid for a couple of items? Thanks!
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Exporting mye file to accountant
Error exporting data to the accountant
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Change Financial year
Hi How do I reverse starting a new financial year. It should have been Jan to Dec but I have selected July-Jun in error
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Opening balances and remaining balance error
I've just moved over to MYOB Business Lite from old MYOB AccountEdge (Mac) software. Everything has been set up manually (ie. no migration from our old software), as we decided it was simpler just to start fresh with the current financial year 01/07/26 and no historical information carried over. Our business structure is…
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Unable to remove an existing advisor
Hello, I want to remove an existing adviser/accountant from Myob Business file, the below is the message; "These are advisors that had access to your Essentials file before it was upgraded. They still have access and you can remove that access here. Any new advisors you invite will appear in the list above and you’ll have…
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GST on sales negative
Hi the GST on sales in my BAS report is showing as negative. Everything else looks normal. Why would this be and where do I start trying to solve this issue?
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Reverse Charge GST on Digital Goods
Hi, I can't seem to find a solution on how to record reverse charge GST on digital goods. I'm using MYOB Business Lite. Everything I've tried either doesn't show up in the MYOB BAS report or doesn't allow me to reconcile the bank transaction. I have a bank transaction for $37.85 which the amount paid to the overseas…
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BAS T7 field?
In AR Business, browser file, how do I add a PAYG Instalment amount to a BAS? For example, the BAS period April - June has a T7 amount to pay, but no where in my business settings for the BAS can I add an amount for PAYG Instalment. This file was transferred from a desktop AR V19 and I could add an amount in my business…
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MYOB not connecting to ATO
Hi, I'm trying to lodge the May IAS but MYOB saying it can't connect to ATO and so my statement isn't available for lodgement. The deadline is approaching - any ideas why this isn't working? Thanks
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Bank reconciliation: data missing
I successfully completed my bank reconciliations through to the end of March, however now I am doing the reconciliations through to June and the numbers are not correct. I reversed my last reconciliation just to check everything was right, and some of the entries are missing. I checked my report printouts from end March…