PAYG Instalment system - ATO payment plan

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RPA158
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PAYG Instalment system - ATO payment plan

The ATO has entered our company into PAYG instalment system and  is required to pay a % on income, each quarter.

 

We have entered the amount payable into a payment plan to pay fortnightly instalments to the ATO.

 

Can someone please tell me how to enter these payments into MYOB Essentials?

 

Many thanks

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CloverQ
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Re: PAYG Instalment system - ATO payment plan

Hi @RPA158 

 

I'd suggest following this guide to record the transaction - Recording ATO payments and credits (Australia).

 

If you are unsure about which allocation account to use in your business file, please do consult your accountant for instructions.

Kind regards,
Clover

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