Payroll Liabilities not appearing in GST Report

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Contributing User MrsMcBreen
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MrsMcBreen
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Payroll Liabilities not appearing in GST Report

Hi There,

 

I am a student working on a scenario for an assessment. 

 

I am required to print off a GST [Detail - Cash] report and match it up with my Assessor's version to ensure all my entries are correct. My only discrepancy is that my Payroll Liabilities are not appearing in the N-T Section of the GST Report. It means my total for Not Reportable is not currently correct but I dont know how to rectify that without entering them again as Spend Money....which doubles their values in Payroll Reports.....

 

Can someone point me in the right direction?

 

Thank you!!!

 

Ivana

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CDJ
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CDJ
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Re: Payroll Liabilities not appearing in GST Report

Hi, Payroll is not sales and comes under PAYG tax so it wont come up on your reports for GST, its a separate thing all together.

 

Cheers

Jacqui

Super Partner Nicquel_Walker
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Nicquel_Walker
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Re: Payroll Liabilities not appearing in GST Report

The assessors version may be based on the old method of recording liabilty payments where you process a spend money transaction when for example you made a payment to the super fund. Using the payroll liabilities screen or PaySuper does not create an entry in the GST reports.

Nicquel Walker
Ultimate Partner DuncanS
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DuncanS
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Re: Payroll Liabilities not appearing in GST Report

@MrsMcBreen 

 

Ivana,

 

It is certainly unusual to put PAYG - W Liabilities into a GST Report.

 

I have seen some bookkeepers create a tax code PAY or PYW and use it for Payroll related payments.

 

The important issue is to reconcile the GST Reports and Payroll Reports to the Balance Sheet every time GST/PAYG-W/Super is paid.

 

It would be interesting for MYOB to comment on whether the Pay Super function has what I regard as an essential step.

 

Duncan

Duncan Smith
Business Advice + Tax
Helping business owners build a better business since 1998
E expressgst@optusnet.com.au T 02 9904 3672 7 days
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