Purchases take a long time to process
I have one particular supplier that whenever I enter their invoices in Purchases, MYOB AccountRight take up to 5 minutes to actually process the purchase. It only with one supplier, a well-known inte...
Forum Discussion
I think I have isolated the problem. It's not the carrier specifically. I have to enter GST charged on the imported goods. I have always done this the way MYOB instructed, which is to record the GST amount x 10 using a code "Overseas Purchase" using the "GST" tax code, then a credit against that (-1) for the same amount but "N-T" as the tax code. This adds the GST to the total amount without affecting the other charges. I have just now entered an invoice from a different carrier for imported goods the same way, and encountered the same long delay in processing.
Should I instead record the GST amount in the Tax window at the bottom rather than recording these two (GST then N-T) entries?
Hi JimP,
It's fantastic that you've put in the effort to narrow this down, way to go! I can't say for sure whether recording the GST amount in the tax window will make the process smoother, but it’s worth a shot. I came across a post in the forum where some of our Partners and moderators have shared useful insights on similar topics. However, your best bet would be chatting with your accountant for tailored advice on handling GST for overseas purchases.
Cheers,
Princess
