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GST component for invoice payment payroll

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Contributing User JBCabins
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JBCabins
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GST component for invoice payment payroll

Way to record GST on invoice for payroll / vice versa for WT Paye if I do invoice payment.

 

can someone help me I am using MYOB Essential and I have this issue

not sure of which one to use I have this invoice for time work including GST and WT 

 

  

 1.   Use invoice payment to capture the true GST but to less WT from will make the balance of payment wrong.

2. Use payroll and use gain/deduction to record the GST as a extra earning.  than go and use spend money for GST paid and record gst that way for essential payroll does not seem to link to the GST.

 

 

your help will be much appreciated

regards 

Poini 

 

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MYOB Moderator Neil_M
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Neil_M
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Re: GST component for invoice payment payroll

HI @JBCabins

 

If you were unsure as to how to best record a transaction, or as to which tax code to use for a particular transaction, I recommend speaking with your accountant. They will be able to advise you of the best way to account for a particular transaction and which tax codes to use on that transaction

Regards,
Neil

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Contributing User JBCabins
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JBCabins
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Re: GST component for invoice payment payroll

Thanks Neil 

 

I have record the gst only on spend money but the question,  Is Essential Payroll does not link to GST if I want to record it through payroll. 

 

cheers

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MYOB Moderator Neil_M
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Neil_M
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Re: GST component for invoice payment payroll

Hi @JBCabins

 

As GST is not a payroll type tax, transactions that go through the payroll functionality of MYOB Essentials will not impact the amount of GST within the company file.  If the transaction you were recording had a GST component that transaction will need to be recorded outside of the payroll functionality

Regards,
Neil

MYOB Community Support

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