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RenaeGTS's avatar
RenaeGTS
Contributing User
17 hours ago

Recording BAS that you are paying off

I did not have enough funds to pay my BAS. I am paying it off. How do I record this properly to reconcile all accounts?

1 Reply

  • Doreen_P's avatar
    Doreen_P
    MYOB Moderator
    1 hour ago

    Hi RenaeGTS,

     

    No worries, BAS payments can make the accounts do a little hokey-pokey. Here’s a tidy-up checklist:

     

    • If you’ve already recorded the full BAS liability, don’t enter it again.
    • Use your completed BAS to record each payment in Banking > Spend money, allocating it to the relevant BAS liability categories.
    • When each payment appears in your bank feed, match it to the recorded transaction so your bank and liability accounts stay in step.
    • Record any ATO interest or GIC separately, and check the treatment with your accountant.

    MYOB’s guide to recording ATO payments and credits has the steps. 

     

    Cheers,

    Doreen