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...
Forum Discussion
Same problem here, I have recently changed from Accountedge which did calculate PAYG instalments and populate that in the BAS report.
This new online MYOB business Lite system does not appear to allow the PAYG instalment (of a sole trader) to be recorded in the BAS report even if you calculate it yourself.
Is there a way to get MYOB business Lite to record a soletrader's PAYG instalment in the BAS Report ?
Hi scott12,
Having the prefill from AccountEdge certainly makes things simpler. Yes. you can still record a sole trader’s PAYG instalment in MYOB Business Lite and include it on the BAS. MYOB doesn’t calculate this automatically, so you need to add it when preparing the BAS.
While preparing the BAS, open the settings and add the PAYG instalment field (T7). If the amount comes through from the ATO prefill, it should show there. If not, you can type it into the BAS form yourself.
So the short answer is: yes, but it needs to be entered in the BAS form rather than calculated automatically by the software.
Regards,
Genreve
