Adding PAYG Instalment amounts in Business Lite
HI I have just downgraded from Account Right to Business Lite and need some help. How do you add a PAYG instament from the ATO to the BAS report in Business Lite Please
Forum Discussion
Hi,
I have upgraded recently to Business Lite from Account Right.
I am trying to enter a BAS payment to the ATO that has come through on the bank feed. I would normally split it up into GST collected, GST pd, PAYG withholding, and PAYGI...but there is no code listed under category 3 for PAYGI?
Or do I put the entire transaction/amount under Category 2 - Tax payments/refunds that is there?
Thank you for helping!
Hi Jo88,
When transitioning from AccountRight to Business Lite, there are some differences in how BAS payments are handled.
In MYOB Business Lite, if you're unable to find a specific code for PAYG instalments (PAYGI) under category 3, you can allocate the entire BAS payment to Category 2 - Tax Payments/Refunds. This category is designed to cover payments to the ATO, including PAYG instalments, GST, and other tax-related obligations.
If you'd like to continue splitting the transaction into different components (GST collected, GST paid, PAYG Withholding, PAYG Instalments), you may need to manually create additional account codes for PAYGI in your Chart of Accounts.
Regards,
Sai
