Thank you for visiting our Partner Zone. This area is an exclusive space for MYOB Partners. Find out how to Partner with MYOB.
You are not able to add or edit GST categories in Essentials. Where are you?
The GST rate in Australia is 10%, can you give us an example of why you want to record a GST rate greater than 10%.
As @AlanT has said, the GST rate in Australia is 10%, so you should not need a higher rate.
If you genuinely have some extremely strange reason, you could multiply the total GST by 11, record that as a GST inclusive amount with the GST Code, then enter a second line with a negative amount and the NTR code so that the total is correct.
But can't see the need for that. If you are paying GST on imports, and the GST is more than 10% of the Customs Agent Invoice, there are special procedures to record this. Concept is similar to what I have outlined above.
Thanks for that.
The inv is for importing GST - 97% of the inv is GST.
When I did a trial of MYOB it seemed to work that it would accept an amount - not the percentage of inv - as GST.
Something must have changed as it no longer allows it.
If there is a better way - please let me know.
Now that makes much more sence.
To handle this situation you will need to follow the technique Ian has mentioned. Let's say you imported goods to the value of $970, but as they were paid directly, there was no GST, so you would post the payment to the supplier to the Purchases account for $970 with a tax code of NTR.
Then, when you paid the $97 GST via the customs agent, you would create two lines in the Bill (or spend money entry). The two lines would be (assuming you have selected Inclusive Tax):
Purchases $1067 GST
Purchases -$970 NTR
This will raise the correct amount of GST (at 10%) and cancel out the earlier entry where there was no GST.
Hope that explains it clearly.