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BAS Report

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KateyCoates
12 Posts
Cover User
Australia
KateyCoates
Cover User

12Posts

5Kudos

0Solutions

BAS Report

Currently if you are doing a negative transaction within an income transaction eg Sales less expenses as the net figure is what has been banked the expenses are currently coming off the sales report instead of going to the purchases

1 REPLY
MYOB Moderator Steven_M
26,749 Posts
MYOB Moderator
New Zealand
Steven_M
MYOB Moderator

26749Posts

3104Kudos

3923Solutions

Re: BAS Report - Status changed to: Already in product

Hi @KateyCoates

 

When recording transactions in MYOB Essentials, the type of transaction determines where it will appear on the GST Report. For example, a Receive Money/Sale(Take Payment) transaction will result in a value in GST collected (Sales and Income), whereas a Spend Money/Bill (Pay Bill) transaction will result in a value in the GST Paid (Purchase and Expenses) section. Having a negative line on that transaction will reduce the value of that Tax value i.e. a negative on a Sale will reduce the Sales value.

 

For more information please see my post on Receive money including expenses paid


Kind Regards,
Steven
MYOB Client Support
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