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I am running the following reports:
Both reports provide different figures for G11 yet the figure for 1B match.
Can anyone explain.
Solved! Go to Solution.
Just a thought do you have both reports set as "Cash"?
Is it a rounding issue? As long as the actual GST Collected and GST Paid match exactly, then it is fine.
As Geoff mentions, check the GST reporting method is the same
Check the date range is the same on each report.
I understand that G11 includes expenses that do not have GST eg office supplies where milk and coffee where purchased. Some Accountants would use N-T but the ATO prefers a tax code that includes the amount at G11.
My recollection is that a simplified BAS will commence on 01 July 2017 and G10 and G11 will no longer be included.
It is important to reconcile the GST Reports to the GST Collected and GST Paid on the Balance Sheet each time a BAS is lodged. The same applies to PAYG - W and Super that the Payroll Reports are reconciled to the Balance Sheet.
Hope this helps.
yeah mate both set to Cash
Not it is not a rounding issue the G11 amounts differ by approx. $5k
You are correct, thanks.