nav[aria-label="Primary Navigation"] { padding: 0; & ul { list-style: none; width: 100%; display: flex; flex-direction: row; justify-content: start; align-items: start; gap: 30px; padding: 0; & li { margin: 0; } & ul li { list-style: none; } } }

Where do I enter PAYG instalment

SteveB0000

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?

Find more posts tagged with

Accepted answers

All comments

Isaiah_C

Hi @EnergyConnect,

I'm sorry to hear you haven’t received an update after raising this, especially when you’re trying to include the ATO-prescribed PAYG instalment in your BAS report. I’ve checked your case, and our team suggested sharing this on the MYOB Business Ideas Exchange so the suggestion can be considered.

Regards,

Sai

EnergyConnect

I've been officially told by MYOB Support that there is no option for this within the new ONLINE, cloud based MYOB Business structure. Needless to say I was pretty annoyed considering we were made to go from a desktop version I had originally paid for outright that had this included and worked perfectly fine, to an ongoing subscription that is less efficient and doesn't really cater for a business structure in its entirety. The suggestion was to log a complaintion to their IT department to look into fixing it, which I did. I've heard nothing back.

gs1

In the same situation

Princess_R

Hi @SteveB0000,

Thanks for following up! Where you enter a PAYG income tax instalment depends on what you’re recording. If you’re recording the business payment in your BAS tracking, enter it as a Spend Money transaction and allocate it to your tax or PAYG instalment asset account. As the correct treatment can depend on your circumstances, it’s a good idea to check with your accountant. You can also read more in our guide to entering data in your activity statement.

Cheers,

Princess

SteveB0000

Thanks for the reply but you'll need to say a bit more. Can you please explain how either of these would work. e.g.: Create a Spend Money transaction taking the money from [which account?] and sending it to [which other account?] such that when I prepare my BAS it will appear as money owed as a PAYG instalment?

Isaiah_C

Hi @SteveB0000,

Thanks for your question. To record a PAYG instalment from the ATO, you can do this by creating either a Spend Money transaction or a Receive Money transaction in MYOB. You can also refer to Recording ATO payments and credits for more information.

Regards,

Sai