Adding PAYG Instalment amounts in Business Lite

I too would like to know where the PAYGI amount can be added to the BAS report for the quarter/month.

I understand the solution given below from the moderator but it doesn't show it in the GST report that is generated in MYOB Lite. 

Does MYOB lite allow for it to be shown in the GST/BAS report?

Surely the PAYG instalment can be added to the BAS report as it is part of the BAS? I am also confused.

Did you work out how to do it?  It should be a simple process, but no!

Hi,

I have upgraded recently to Business Lite from Account Right.  

I am trying to enter a BAS payment to the ATO that has come through on the bank feed.  I would normally split it up into GST collected, GST pd, PAYG withholding, and PAYGI...but there is no code listed under category 3 for PAYGI?   

Or do I put the entire transaction/amount under Category 2 - Tax payments/refunds that is there?

Thank you for helping!

why cant they just have a option on when completing the BAS to enter the amount or a setting with the amount allocated automatically like the other MYOB's have . This is a frustration solution. 

Hi Andrea27, 

Welcome to the Community Forum. 

Typically, a PAYG instalment from the ATO can be recorded by creating a 'spend money' transaction or a 'receive money' payment. For a more detailed understanding, I recommend going through the article 'Recording ATO Payments and Credits'. This will guide you on how to record these transactions in the application.

If you need more clarification or have other queries, feel free to elaborate on your question or start a new thread.

If my response has answered your inquiry, please click "Accept as Solution" to assist other users find this information.

Thanks,
Genreve

Hey sandrap2,

I can see how that would be very frustrating for you to record additional PAYG installment. To record a PAYG instalment from the ATO, you can do it by creating either a 'spend money' transaction or a 'receive money' payment in MYOB. You can also refer to this link for more information.

Best regards,

Doreen

Hi Jo88,

When transitioning from AccountRight to Business Lite, there are some differences in how BAS payments are handled.

In MYOB Business Lite, if you're unable to find a specific code for PAYG instalments (PAYGI) under category 3, you can allocate the entire BAS payment to Category 2 - Tax Payments/Refunds. This category is designed to cover payments to the ATO, including PAYG instalments, GST, and other tax-related obligations.

If you'd like to continue splitting the transaction into different components (GST collected, GST paid, PAYG Withholding, PAYG Instalments), you may need to manually create additional account codes for PAYGI in your Chart of Accounts.

Regards,

Sai 

Thanks for the answer Doreen. but that seems such a frustrating way to enter it. They should just allow you to enter it on the BAS