GST - Payments or Accrual basis

Question

Hi

I'm on Payments basis for GST but it appears the system is picking up the invoice date for GST rather than the payment date, which is how Accrual works.  I recently had an invoice that was overlooked for November and I paid it in January yet it changed my current GST return and was included in my November/December GST return.

I had to go back and change the invoice date to the payment date.  Shouldn't the system be able to identify the payment date for GST and not the invoice date.

Doreen_P · Answer

Hi, @DuncanS

The additional context you provided is very helpful. This allows us to provide a more accurate and relevant response. We truly appreciate it.

Best regards,

Doreen

DuncanS · Answer

@shoretee @Doreen_P

In Account Right, there are 2 GST Reports - Cash and Non-Cash.

I recall MYOB Business has a business setting where Cash or Non-Cash is selected.

The GST Return in MYOB Business notates whether Cash or Non-Cash has been used.

Duncan

Doreen_P · Answer

Hi, @shoretee

We hope this message finds you well. We requested additional details regarding your concern and are still waiting for your response. With this, we will now be closing the case, as we were not able to receive any updates. Please feel free to post again if you encounter any issues in the future.

Best regards,

Doreen