MYOB Essentials

GST rounding in an Item invoice

MicheleV

1Posts

2Kudos

0Solutions

1 Post
User
Australia

I have just moved from MYOB account right which included GST - MYOB Essentials doesn't include GST put the pre-GST doesn't round off to the correct number. Ie one of my products is $49 gst inclusive and I can only get it to be listed as an item number as $48.99 or $49.01 - I have tried everything to fix this.  This is unacceptable for an accounting system and makes me look unprofessional.  Can't believe this can't be fixed!  I'm looking at other accounting systems as I can't use MYOB essentials if this isn't fixed.  Causing huge problems for me and my business.

 

1 Comment
Sie
5 Posts
Cover User
Sie
Cover User

5Posts

2Kudos

0Solutions

Hi @MicheleV

 

Unfortunately this is a problem, however, GST does dictate that GST needs to be 10% which is what the mathematical formula is based on.

However, to get around your issue, when you create an invoice, you can change the unit price to 44.545 (ex GST) and this will make it work.

 

See example below.

 

Cheers.

zzz.PNG