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January 2023
January 2023
January 2023
January 2023
Typically any refunds from ATO is recorded manually with the relevant allocation accounts, there isn't a linked account setting for receiving ATO refunds. Please find the detailed instructions on recording the refund from this Help article: Recording ATO payments and credits (Australia).
GST collected and paid are tracked using liability accounts, we do recommend checking with your accountant or ATO whether the GST refunds can be treated as an asset. If yes, an asset account can be created and used to record the ATO credits into, general journal entries can also be used to move balance across.
Kind regards,
Clover
MYOB Community Support
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