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Share your ideas for improving MYOB Essentials Accounting. Vote on ideas and discuss them with the MYOB product development team.

MYOB Essentials

Sole Trader PAYG calculation/report

digsynat
Contributing Cover User

7Posts

2Kudos

0Solutions

7 Posts
Contributing Cover User
New
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Either on the BAS Reports or a seperate report - have the functionality to calculate the PAYG amount that would be due for the same period. 

 

PAYG Sole Traders don't pay ourselves via the Payroll function and either have to rely on the ATO calculated amount based on the 4% GDP in a quarterly BAS statement and manually calculate 30% to set aside to offset the difference.

 

For those of us who pay GST annually, we are not pre-paying the ATO for PAYG therefore a method via the accounting system to calculate the figure as the year progresses would be key. This figure should then display on the dashboard like the GST amount does.

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1 Comment
Trent_H123
4 Posts
Cover User

I'm a sole trader who would like to know the PAYG owed on an updated basis. Can't find any info. Also a BAS link?