Partner Zone

Share your ideas for improving MYOB Business/Essentials. Vote on ideas and discuss them with the MYOB product development team.

Product Ideas

Payroll: Contractor set up with GST payment (NZ)

5Posts

8Kudos

0Solutions

5 Posts
User

Hi,

I would love to see the addition of being able to add GST onto a contractors payment in Payroll.

Contractors who have withholding tax deducted from their invoice but also have GST added on are common in NZ so an easy addition to Payroll would be so appreciated.

 

Thanks

 

"GST payment to contractor"

Current Status: Archived
Last Changed: June 2021

Thank you for the idea. Unfortunately, this request has had little support from the community since it was submitted, so we are moving this idea to the Archived status. For more information on Idea Statuses, please read this article: Changes to our Idea Exchange pages

5 Comments
PAM
Experienced User
35 Posts
Experienced User

Yes please!  I think with the changes to payments being made to contractors this is going to be an issue for many more people.  I really can't get my head around how to set it up.  MYOB payroll suggested doing the gst as a "taxable allowance" (which I think they must've meant non taxable otherwise wouldn't it then have paye taken off it creating a nightmare?).

 

This gst payment wouldn't show up in my gst report  so I would then have to remember to manually look for the gst payments made thru the payroll system.  

Any ideas anyone on how to make this work smarter?

 

Much appreciated, Pam

BronnieS
5 Posts
User

I have found a way to make this work in MYOB.

I put thru the contracors payments in Payroll, ignoring the gst.

Then I make a 'Spend Money' entry as if I am paying the contractor with gst for the whole amount (this picks up the gst for your return)

and in the same entry (next line) I minus the contractor amount, but this time with an 'exempt' gst, so it cancels out the contractor gross amount and just leaves the gst amount as having been paid. Then reconcile your bank payment to contractor- include the payroll payment and the 'cash' gst payment - Wolaa, Payroll is correct, gst is picked up and bank reconciles.

 

Steven_M
MYOB Moderator
44,658 Posts
MYOB Moderator

Thank you for the idea. Unfortunately, this request has had little support from the community since it was submitted, so we are moving this idea to the Archived status. For more information on Idea Statuses, please read this article: Changes to our Idea Exchange pages

kellynz
Experienced Cover User
13 Posts
Experienced Cover User

how is this not already a thing. I am trying to do it as a non-taxable allowance, but payroll wont even let me do a percentage to add GSt of 15%.

BronnieS
5 Posts
User

Kellynz - I agree! Am still waiting for MYOB to incorporate this, but they say there is no demand for it..... well we demand it!