Forum Discussion

francisvanant's avatar
francisvanant
Member
1 year ago
Solved

GST not recalculating on receive money

Hi There   I have an issue where i have imported receive money and i have found some are calculating the GST and some are not. On all I allocate per line GST and I have GST inclusive selected. I no...
  • Shella_A's avatar
    Shella_A
    1 year ago

    Hi francisvanant,

     

    Thanks for trying the suggested workaround for fixing the GST calculation issue in your imported reports. A further check is needed to find out the exact cause of this issue, and this needs assistance from our support team. You can contact them on live chat via our virtual assistant MOCA or raise a support ticket through MyAccount.

     

     

    Kind regards,

    Shella

Isaiah_C's avatar
Isaiah_C
MYOB Moderator
1 year ago

Hi KlinksGarage01,

 

Thanks for reaching out. The assignment of GST codes for QIF import transactions often depends on your business's specific accounting requirements and tax obligations. As such, we recommend consulting your accountant or tax advisor to ensure the correct GST codes are applied consistently and comply with current tax regulations.

 

 

Regards,

Sai 

KlinksGarage's avatar
KlinksGarage
Contributing User
10 months ago

I have already got all the requirements confirmed. All I need from you is what content (script) the qif file needs so it can assign gst code to each transaction as it is imported... 

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    10 months ago

    Hi KlinksGarage, 

     

    QIF files usually don’t include GST data, so the software can’t automatically figure out the tax details for each transaction. The best way to sort this out is by setting up bank rules. This lets the software know how to handle transactions based on the rules you set. You can check out more details about setting up bank rules here. 

     

    Regards,
    Genreve

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