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Invoicing

Boxpro
4 Posts
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Australia
Boxpro

4Posts

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Invoicing

Hi @RienaP

 

Can you explain to me the process of invoicing please?  So when I invoice, I set up labour to Service and Repair Income,  parts should be allocated to an expense, but if a part is allocated to Service and Repair for whatever reason even though the purchased part was allocated to the correct expense will it throw anything out or will it just put my Service and Repair income up which means I will owe for more GST??

1 REPLY 1
MYOB Moderator Steven_M
28,566 Posts
MYOB Moderator
New Zealand
Steven_M
MYOB Moderator

28566Posts

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Re: Invoicing

Hi @Boxpro

 

In terms of GST reporting, in MYOB Essentials, the system will look at the account used on the transaction to determine where it will show on the GST reports. For example, if a transaction is recorded to an income account it will reflect that amount in the Sales and Income section (for the relevant tax code), whereas, if an expense account is used it will show in the Purchase and Expenses section.

Kind regards,
Steven

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