PAYG balance sheet not matching BASlink figure

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Trusted Cover User
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PAYG balance sheet not matching BASlink figure

PAYG balance sheet figure is $1 greater than the BASlink PAYG figure?

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MYOB Staff Post
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Re: PAYG balance sheet not matching BASlink figure

Hello @rusty192 ,

 

In line with the ATO's instructions, each of the fields on the Baslink form are to be rounded down to the nearest dollar. (hence affecting your Total PAYG figure, when each of the separate PAYG fields are rounded down the nearest dollar)


Please see:
https://www.ato.gov.au/Business/Business-activity-statements-(BAS)/In-detail/Instructions/PAYG-withh...

for

  • "show whole dollars only (round cents down to the nearest whole dollar)"

Regards
Ali
MYOB Client Support

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