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Shazzy's avatar
Shazzy
Experienced Cover User
9 months ago
Solved

Allocate BAS Payment

After lodging my BAS I paid the money the next day.  It has come up in the Bank Feeds, how to I now allocate the money paid please.  I have MYOB Business.

Thank you

Sharon

  • Shazzy 

     

    I use ATO Online for Tax Agents for my clients.

    Some of my clients use ATO Online for Business on their computer.

     

    Hopefully MYOB will respond to your question.

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  • Shazzy's avatar
    Shazzy
    Experienced Cover User

    Sorry, also how do I view my previous BAS on MYOB Business.

     

    thanks Sharon

  • DuncanS's avatar
    DuncanS
    Ultimate Partner

    Shazzy 

     

    The Payment of the BAS is allocated according to the components of the BAS.

    Components are GST Collected, GST Paid, PAYG - Withholding (and PAYG - I).

     

    Example paid the ATO   $6000

    GST Collected   $8000    GST Paid $(3000)  PAYG - W $1000

     

    Each time a BAS is lodged, it is necessary to reconcile the GST Accounts and PAYG - W on the Balance Sheet to the BAS.  You may need assistance from your Tax Accountant if the Accounts do not reconcile.

     

    • Shazzy's avatar
      Shazzy
      Experienced Cover User

      Hi Duncan

       

      Thank you.  

       

      Can you tell me how I can view my previious BAS Statements in MYOB Business.  I believe I could view them previously  in Accountng, Prepare BAS or IAS,  if prompted I would sign into MYOB and an Activity Window appeared and I could view my activity statements.

       

      I received this solution to view previous statements back on 28/2/22, now I don't seem to be able to do this.

       

      Thanks

      Sharon

      • DuncanS's avatar
        DuncanS
        Ultimate Partner

        Shazzy 

         

        I use ATO Online for Tax Agents for my clients.

        Some of my clients use ATO Online for Business on their computer.

         

        Hopefully MYOB will respond to your question.