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Allocate BAS Payment
After lodging my BAS I paid the money the next day. It has come up in the Bank Feeds, how to I now allocate the money paid please. I have MYOB Business.
Thank you
Sharon
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Sorry, also how do I view my previous BAS on MYOB Business.
thanks Sharon
The Payment of the BAS is allocated according to the components of the BAS.
Components are GST Collected, GST Paid, PAYG - Withholding (and PAYG - I).
Example paid the ATO $6000
GST Collected $8000 GST Paid $(3000) PAYG - W $1000
Each time a BAS is lodged, it is necessary to reconcile the GST Accounts and PAYG - W on the Balance Sheet to the BAS. You may need assistance from your Tax Accountant if the Accounts do not reconcile.
Hi Duncan
Thank you.
Can you tell me how I can view my previious BAS Statements in MYOB Business. I believe I could view them previously in Accountng, Prepare BAS or IAS, if prompted I would sign into MYOB and an Activity Window appeared and I could view my activity statements.
I received this solution to view previous statements back on 28/2/22, now I don't seem to be able to do this.
Thanks
Sharon
Thank you Duncan, very much appreciated.
Sharon
