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GST Adjustment

Partner Penny1
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Penny1
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GST Adjustment

Hi 

 

I'd like to enter an invoice from import that has GST greater than 10% but the system won't allow me to enter an amount greater than 10% what do I do?

 

1 REPLY 1
MYOB Moderator Steven_M
29,768 Posts
MYOB Moderator
New Zealand
Steven_M
MYOB Moderator

29768Posts

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Re: GST Adjustment

Hi @Penny1 

 

MYOB Essentials does have set tax codes for calculating values.

 

If you do have a different rate required for that GST would be looking at adding some additional lines to the transaction to increase the tax amount. For example, say you wanted to increase the GST value by $10 you would include the following lines on the transaction:
1) The grossed-up amount for the added GST with the tax code being GST

2) The second line removes that value of the account only leaving the GST portion. This line would have a zero-rated tax code i.e. NTR or FRE listed on it.

 

Attachment.PNG

Kind regards,
Steven

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