How do I record payments to the ATO for the GST I have collected from sales?
There appears to be a GST (Balance) category where all of the GST amounts are automatically recorded. But I can’t make payments from that category, so how do I maintain a GST balance? Confused…
Hi simoncasey,
In this type of query, we recommend reaching out to an accountant for an accurate answer. But to give you an idea, you can use a "Spend Money" transaction allocating each BAS field (e.g., GST paid) to a liability account (e.g., GST Paid). You can also visit this help page for more information: Recording ATO payments and credits
Regards,
Earl
Hi Earl
i think you may have misunderstood my question. I understand how to do this from an accounting perspective - I just can’t see how to do it in Solo.
Ooops, looks like our MYOB Business friends got a bit too excited to reply to you! simoncasey, we’ve reached out to our product team for some advice on your question and will get back to you ASAP. Thanks for your patience!
Hey simoncasey! Our dev wizards are sending their props over to you! This is a great spot and is something they're working on right now! When we first built this part of Solo, we focused on making sure everything worked smoothly and simply, we knew we had a bit of wiggle room before tax time. Keep an eye out for updates we’ll let you know as soon as this is live…it's coming very soon!
