Where do I enter PAYG instalment
I’m trying to "Create a BAS report" (not "File with MYOB") and the ATO has prescribed a PAYG amount for me to pay. I can't find anywhere to enter this amount when preparing the BAS. The BAS total in ...
Forum Discussion
Hi SteveB0000,
Thanks for following up! Where you enter a PAYG income tax instalment depends on what you’re recording. If you’re recording the business payment in your BAS tracking, enter it as a Spend Money transaction and allocate it to your tax or PAYG instalment asset account. As the correct treatment can depend on your circumstances, it’s a good idea to check with your accountant. You can also read more in our guide to entering data in your activity statement.
Cheers,
Princess
Again, thanks for the reply. My business is very simple, I'm a sole trader and my accountant knows less about MYOB than I do. I'm not trying to enter the PAYG payment. I'm not paying anything, yet. I'm just trying to enter the amount the ATO has prescribed as a PAYG liability so that when I run the Prepare BAS routine, the amount appears there as owed to the ATO. It will then get paid along with the GST that I owe when I actually make my BAS payment.
