Forum Discussion

Contributing Cover User

7 years ago

Solved

Register GST only invoice

Hi There,

Last year we had a car accident. We were not responsible so the insurance covered the cost except the GST component as we are registered for GST. How can we register an invoice for GST only?

Thank you in advance for your help.

Cheers,

Patrik

Geoff_
7 years ago
Hi trippleo

If you have bill for the GST only then when you enter the transaction you will have to enter 2 lines.

Refer Ian Chaits postinghttps://community.myob.com/t5/AccountRight-Tax-and-Business/Assigning-Bank-Feed-Spending-for-GST-of-100-ie-ONLY-GST-in/m-p/549083#M9699

Hope this helps

6 Replies

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Geoff_
Ultimate User
7 years ago
Hi trippleo

If you have bill for the GST only then when you enter the transaction you will have to enter 2 lines.

Refer Ian Chaits postinghttps://community.myob.com/t5/AccountRight-Tax-and-Business/Assigning-Bank-Feed-Spending-for-GST-of-100-ie-ONLY-GST-in/m-p/549083#M9699

Hope this helps
GDay53
Ultimate Cover User
7 years ago
trippleo

Welcome to the MYOB Community Forum, I hope you find plenty of useful information.

Like Geoff_ said have a read of the post on 100% GST from Ian it shows how to do a Spend Money transaction just do the same for the Bill 2 lines one GST the other N-T.
Geoff_
Ultimate User
7 years ago
Hi trippleo

When we have an insurance claim paid by an insurance Company we show the transaction as GST free as the Insurance companies does not include GST in the claim
trippleo
Contributing Cover User
7 years ago
Hi Geoff,

Thank you for your quick answer. The thing is this is the invoice for the car rental. The insurance company won't pay for the GST.
trippleo
Contributing Cover User
7 years ago
Hi Geoff,

Sorry, but doesn't help. I would like to register this invoice as a purchase.
trippleo
Contributing Cover User
7 years ago
GDay53 Geoff_

All good now! Thank you both.
Cheers,

Patrik