Deducting a % from a supplier Payment

[BeckO]

Hi,

I am needing help with deducting a % from a supplier payment, we received an ATO notice to deduct 15% from any payment to one of our suppliers, need to know the best way to do this.  Is there a set up or will it be done when paying bills? Any info would be appreciated, Thank you

[Haydes]

Hi @BeckO,

In MYOB Essentials, there are 2 ways to reduce the value of a Supplier payment:

1. Add a negative line to the Bill with the Price as the relevant 15%. Note you may need multiple lines to make up the 15% total if you wish to reduce multiple expense accounts. 

2. Using the "Discount" function on Supplier Payments when using "Pay Bills".

We have an Online help article that can take you through these steps in detail, here is the link: Supplier discounts (click here)

Please feel free to reach out should you have any questions!

Cheers,
Hayden

MYOB Social Support

[ronatbas]

@BeckO @Haydes

I think @Haydes has missed the point, you should not be reducing the supplier invoice, you should only be reducing the amount paid to the supplier. You need to set up a #2 liability account as a Credit Card type and use that to close the remainder of the bill after you have paid the 85% portion. When you remit the money to the ATO the entry will be Spend Money bank to the #2 account.