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Bill payment & Spend money

Experienced User keylee
34 Posts
Experienced User
New Zealand
keylee
Experienced User

34Posts

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Bill payment & Spend money

One of our creditors's invoice was paid from "pay bills" but also was entered from "Spend Money", recurring transaction was used when it was paid from Banking. As the GST period was locked. If I reverse the the payment from "spend money" will it affect GST payment, how should I fix this problem? Thanks!

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MYOB Moderator Steven_M
30,546 Posts
MYOB Moderator
New Zealand
Steven_M
MYOB Moderator

30546Posts

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Re: Bill payment & Spend money

Hi @keylee 

 

Depending on your circumstances you could look at reversing that Spend Money transaction into the current GST period. This done via:

  1. Setup>>Preferences>>Security tab and enabling Transactions can't be changed, they must be reversed.
  2. Navigate to the required Spend Money transaction
  3. Select Edit>>Reverse Transaction
  4. Update the date to fall in the desired GST period before selecting Record

Alternatively, you could look at entering the opposite of that transaction i.e. a Receive Money in the current GST period.


If you are unsure which option would suit your needs and reporting requirements I would recommend speaking to your advisor.

 

Do let us know how you get on and if you require further assistance.

Kind regards,
Steven

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Experienced User keylee
34 Posts
Experienced User
New Zealand
keylee
Experienced User

34Posts

4Kudos

0Solutions

Re: Bill payment & Spend money

Thank you Steven, the problem is solved. 

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