Forum Discussion

JessChamp's avatar
2 months ago

GST Adjustments

Hello

 

This might be a silly question however how does MYOB Business do an adjustment in the GST return or things like end of year entertainment etc. 

 

I left the settings as the system came so only the one GST balance account. In other systems such as EXO and Acumatica you can do an adjustment on the GST reports and was wondering how I would handle that in MYOB Pro.

 

I was able to get the GST return to agree with my refund amount on IRD website GST return, although it wasn't quite correct. 

 

Thanks :)

1 Reply

  • Shella_A's avatar
    Shella_A
    MYOB Moderator
    2 months ago

    Hi JessChamp,

     

    MYOB Business offers functionality to manage prior period adjustments, ensuring that your current GST return reflects necessary corrections. Check this link for comprehensive guidance on completing your GST return. Adjustments can be integrated into the current GST report, either by adding new transactions or altering existing ones before sending the GST return.

     

     

    Cheers,

    Shella