AccountRight: Accounting & BAS

Chat about any tax issues.

Forum Widgets

Capital Purchases and Finance in AccountRight
HOW TO RECORD CAPITAL PURCHASES AND FINANCE IN ACCOUNTRIGHT There are many finance options available to purchase capital equipment. Commonly used in Australia are: chattel mortgages: ownersh...
ronatbas
10 years ago
77KViews
17likes
39Comments
GST Clearing account
I have been asked to make a GST clearing account by our accountant. Can anyone help with this? Is it a liability account and is it linked to any other accounts? I have yet to work with clearing accou...
Solved
KathThompson
6 years ago
8.4KViews
0likes
1Comment
Receiving money that is not income: credit note?
I received $2000 from my mum intended to support my business, but I would not regard this as not income, but rather, an interest-free loan or potentially even a gift if the business fails and I can't...
Solved
shau
6 years ago
3.7KViews
0likes
10Comments
Company income tax return from within account right
I am not an accountant. I want to do my company income tax return by myself. Before deciding to do it by myself had a long chat with the ATO. I am using account right cloud version. It seems ...
Solved
KevinR
4 years ago
3.7KViews
0likes
5Comments
GST Balance Sheet not matching GST Summary, BAS adjustment
My Balance Sheet and GST summary are not matching. I am using the accrual accounting method. I know there have been deleted invoices and spend money's from the last quarter. I am assuming this is th...
Solved
jcc78
2 years ago
3.5KViews
1like
3Comments
General Ledger (detail) report to include GST column
Hello. I need to provide financial figures on an expense account that includes the GST included for each item. I have tried the insert/modify tab but there is not option to include the column for t...
Solved
Sylvia900
5 years ago
Reports
3.4KViews
2likes
1Comment
GST on international flights
Hi, we have booked some international flights on behalf of a client, and the client has mentioned that these will be GST free (which is stated on the flight invoices). But we have previously spoken t...
Solved
lib
2 years ago
3.4KViews
0likes
1Comment
PAYG WITHHOLDING PAYABLE ACCOUNT
Hi, I have noticed that in my PAYG Withholding Payable account I have a balance of $1,250,314.00 going back to 2013. Can someone tell me if Im meant to be doing Journal Entries each month when I pa...
dsirvine1
3 years ago
3.3KViews
0likes
1Comment
GST (Cash) Report does not match Profit & Loss (Cash)
I have just prepared a GST (Detail - CASH) Report for Oct-Dec 2018 and a Profit & Loss (CASH) for Oct - Dec 2018 and it's saying I received $13636 excl. GST more than the Profit & Loss is saying. I ...
Solved
Alltrades1
6 years ago
3.3KViews
0likes
4Comments
Lodging your Business Activity Statement (BAS) or Income Activity Statement (IAS)
Hi everyone Australian businesses that are registered for GST or have employees need to regularly lodge activity statements, Business Activity Statement (BAS) or Income Activity Statement (IAS)...
Tracey_H
5 years ago
AccountRight
3.3KViews
1like
0Comments
BAS Articles to get your BAS sorted
Hi Everyone As it is drawing close to BAS due date, we thought we would share some of our Help Articles on BAS to aid you in that process. The new AccountRight range allows for the user t...
Steven_M
6 years ago
AccountRight
activity
BAS
Business
Statement
3.2KViews
0likes
0Comments
Set up Term deposit in Accounts listing
We recently established a Term Deposit. I have a spare Account to create this. I was advised to use "other current Asset" for this account by our accountant. How do I post the 'transfer' of funds fr...
Solved
Art-fan
6 years ago
3.2KViews
0likes
1Comment
tax code- NT vs GST Free Export?
Hi, Can someone enlighten me on which tax code is applicable for supplier outside AU. The taxable supply is exported (shipped) directly to the customers. For sales it's GST free export, but im no...
Solved
Lalapot
6 years ago
3.2KViews
0likes
2Comments
GST code for eBay seller fees
Since the Netflix tax was introduced by the government in July 2017, eBay has introduced clause that businesses will be exempt from paying GST on their ebay fees, if they register their business and ...
Solved
shau
5 years ago
3.2KViews
0likes
10Comments
Confirming the Correct Use of N-T Tax Code
What is the correct use of the GST code N-T (no tax) verses GST code E (exempt). Exempt as I understand it is for financial services, residental dwelling rentals, fine metals. So what is the N-T co...
Solved
extol
7 years ago
3.1KViews
0likes
1Comment
GST code for interest expense
Hi, I am using AccountRight 2020.3, I would like to know the GST code to be used for Interest expense on loans and motor vehicle Chattel Mortgage Interest for reporting in BAS. I am currently using ...
Solved
tonyr2
5 years ago
3KViews
0likes
1Comment
Failure to prepare statement - CMN.ATO.AS.EM137
We can’t retrieve your activity statements from the ATO. There are no activity statements matching your selection. Change your criteria. If you contact the ATO, quote this code: CMN.ATO.AS.EM137 ...
Solved
gusso
6 years ago
3KViews
0likes
2Comments
MYOB desktop version
I've just been advised that as a loyal user and recommender of MYOB since the 1990's, because my serial number is a "professional partner" serial number it will be cancelled and my client's data fil...
mistyben
1 year ago
3KViews
1like
69Comments
GST on Commission appearing as a negative purchase
As a booking agent for tour operators, we enter the cost of the tour as a purchase less the commission. The purchase is an expense and the commission is income. We pay the operator the balance once t...
Solved
SherylBT
6 years ago
2.9KViews
0likes
4Comments
Payroll Clearing Account
Hi there, I have set up a Payroll Clearing Account. I processed a pay yesterday and the correct payroll amount is showing in the clearing account. I have gone to Bank Feed and the pay transactions ...
Solved
YDD
6 years ago
2.9KViews
0likes
2Comments

Check for incidents and outages that may affect your MYOB software

Stay up to date by clicking follow🔔for notifications

Find technical support and help for all MYOB products in our online help centre

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.

MYOB Academy