Forum Discussion

trippleo's avatar
trippleo
Contributing Cover User
6 years ago

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 ...
  • Geoff_'s avatar
    Geoff_
    6 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

Geoff_'s avatar
Geoff_
Ultimate User

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's avatar
trippleo
Contributing Cover User
6 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. 

  • Geoff_'s avatar
    Geoff_
    Ultimate User
    6 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

    • trippleo's avatar
      trippleo
      Contributing Cover User
      6 years ago

      Hi Geoff,

       

      Sorry, but doesn't help. I would like to register this invoice as a purchase.

      • GDay53's avatar
        GDay53
        Ultimate Cover User
        6 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.

         

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