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How to enter GST on a credit note in MYOB Accountants Enterprise

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Experienced User JoannaHD
16 Posts
Experienced User
JoannaHD
Experienced User

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How to enter GST on a credit note in MYOB Accountants Enterprise

Hi

I need to enter a credit note as a negative miscellaneous charge against an invoice in MYOB AE and am unsure how to deal with GST.

 

The original invoice was $2,170 excluding GST and $2,387 including GST.

 

Which amount do I put as the miscellaneous charge? 

 

I initially put the misc charge as $2,387 but after closing the billing wizard it had added GST so it was showing $2,625.70 in the Total box.  But under Office Use Only it says under Write On/Write Off $2,387.

 

Thanks for your help.

 

Kind regards

Joanna

 

 

2 REPLIES 2
MYOB Staff Post kyla
22 Posts
MYOB Staff Post
kyla
MYOB Staff Post

22Posts

4Kudos

6Solutions

Accepted Solution Solved Solution

Re: How to enter GST on a credit note in MYOB Accountants Enterprise

Hi @JoannaHD 

 

When you raise bills and credit notes, it's always the net amount that is entered (exclusive of gst).

 

In Stage 2 once you create the miscellaneous charge, you select a Code Type.  As long as this code type is set as taxable, it will add gst in Stage 3 of the Billing Wizard.

 

So you would enter -2170.00 in Stage 2 and should see this amount and the tax amount of -217.00 in Stage 3.

 

I hope this helps but if you need further assistance, please contact support on 1300 555 666, 2,2,4. :-)

 


cheers,

Kym
Practice Solutions Client Services Analyst
MYOB Australia Pty Ltd
Experienced User JoannaHD
16 Posts
Experienced User
JoannaHD
Experienced User

16Posts

5Kudos

0Solutions

Re: How to enter GST on a credit note in MYOB Accountants Enterprise

Thanks very much Kim :-)

 

Unfortunately someone approved my incorrect credit note which was sitting in drafts.  Could you tell me how to reverse / clear out / delete an incorrect credit note?

 

I will post as a new question to avoid confusion.

 

Kind regards

Joanna

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