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I wish to change the value of GST on an invoice to a customer. How can this be acheived as this function was available using MYOB V19?
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The correct way to do this in both v19 and Essentials is to do a two line invoice line one is the amount that has GST, line two is the amount that is FRE. Doing it by clicking on the GST arrow in v19 means that you would be unable to reconcile your GST collected and would be under reporting GST free sales.
I will try what you have suggested.
As I am still running V19 in parallel (to make sure Essentials is the package suitable) we issued the invoice to the customer using V19. The GST we had to round up as requested by our customer. As we are talking some thousands of dollars GST we agreed. Changing it in V19 was simple with no problems.
I had totally misinterpreted your original post, thinking that you were trying to charge less GST. The method I mentioned will not work in either program.
With such large sums involved I would be talking to your accountant with a view to moving this extra 'GST' to a separate account so that come any investigation your treatment is transparent. I'd also be making sure that the request to overstate GST is in writing.
We are dealing with a government department which has sent us a payment advice showing the GST component paid is $0.28 higher than it should be.
No doubt the ATO will not mind if they receive $0.28 more than they should.
I have tried your idea but are not sure if the format is correct.
Can you send an example of an invoice suggested?
I am sitting here shaking my head - if a gov. department can't get it right you really have to wonder. Having said that the very large softwares that gov uses are not great at decimal places.
I have done an invoice where the expected GST was $100 but where the requested was $100.28. So the initial sale become 100.28x11=$ 11103.08 , the 3.08 is then entered as a negative and N-T so GST figure stays the same and total is correct. It should work on either software and would stand up to an audit.