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Carol1711's avatar
Carol1711
Experienced User
28 days ago

Gst

HI

 

Can some one please explain why both my gst collected and gst paid are both in the negative (always!!) giving the bad advice that I am due to get a refund which is definitely not the case.

 

Cheers :)

Carol

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  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator
    21 days ago

    Hi Carol1711 ,

    This can be tricky. When both GST collected and GST paid are consistently negative in MYOB, it usually indicates incorrect transaction entries. Ensure GST collected is positive and GST paid is negative. Review entries for correct categorization, verify tax codes, and reconcile accounts. Generate GST reports to identify issues, update your software, and consider consulting a bookkeeper if the problem persists. You may also find detailed information on this help page.  Recording ATO payments and credits


    Feel free to post again, we're happy to help!

    Regards,
    Earl