Forum Discussion

JonoNZ's avatar
JonoNZ
Contributing User
19 hours ago

Bad Debt & GST

Hi there. On MYOB Accountright I have a bad debt which sits within the current filing period for GST. I have followed the steps so that the amount owed has been allocated to the Bad Debt account instead of the customer account (which now sits at $0.00 and had been closed). Should this automatically be picked up on my MYOB GST report, or are there additional steps I need to take to make this happen e.g. Journal entry? 

 

MYOB Business
  • ChrisMc's avatar
    ChrisMc
    18 hours ago

    If you wish the bad debt to show in the G13 instead of G11 you will need to amend this manually, see message at bottom of GST Report

    * Box 9 and Box 13 adjustments will not be prefilled and must be included manually

  • ChrisMc's avatar
    ChrisMc
    MYOB Staff
    19 hours ago

    If your GST reporting is CASH, then this transaction will not show up on the GST report as no payment has been made.  If GST reporting is ACCRUAL then is should be showing.

     

  • JonoNZ's avatar
    JonoNZ
    Contributing User
    18 hours ago

    Thanks Chris - we are on invoice/accruals basis. Should that be showing in box 13 on the return automatically then? As of now it does not seem to be there. Do I need to journal that from Bad Debt to GST Input Adjustment at the end of the relevant period?

  • ChrisMc's avatar
    ChrisMc
    MYOB Staff
    18 hours ago

    If you wish the bad debt to show in the G13 instead of G11 you will need to amend this manually, see message at bottom of GST Report

    * Box 9 and Box 13 adjustments will not be prefilled and must be included manually

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.