Forum Discussion

Member

1 year ago

PAYG Instalments

I am using the online version of MYOB and running the BAS reports. But there doesnt seem to be any option to calculate PAYG instalments. Does this version of MYOB do this? If so, how do I adjust t...

Shella_A

MYOB Moderator

1 year ago

Hi anitraw,

Yes, the online version of MYOB can calculate PAYG instalments. 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.

Cheers,

Shella

anitraw
Member
1 year ago
thank you but this doeds not answer my question. It is not about recording the payment but calculating the instalment. ie calculating instalment income x instament rate. How is this done by myob in the cloud version? The desktop version does it .... but currently I cannot see where myob in the cloud does these calculations
- Earl_HD
  MYOB Moderator
  1 year ago
  Hi anitraw,
  
  Currently, the online version of MYOB does not support the automatic calculation of PAYG instalments directly within the BAS reports. This feature is only available in the desktop version and has not yet been implemented in the cloud version.
  
  For now, you will need to manually calculate the PAYG instalments and enter the amounts into the relevant fields in your BAS report. You can also refer to these help pages for more information:
  
  Prepare Your Activity Statement Manually
  
  Get Ready to Lodge Activity Statements
  
  Regards,
  Earl