GST payment

[Deedeez]

Good morning,

Can you please explain how to process the GST payment once it comes through the bank transactions.  The GST GL codes are locked - so I can't post directly to these....

Thanks!

[Steven_M]

Hi @Deedeez

MYOB Essentials Help Article: Recording ATO or IRD Payments and credits would be able to assist with entering a payment transaction to the IRD. In general, it would a Spend Money based transaction affecting the GST Collected and GST Paid accounts. Once that Spend Money transaction has been recorded you can select to Match that transaction to the corresponding bank transaction.

You mentioned the GST accounts being locked in the Accounts Lists, this is just indicating that you are unable to change those accounts i.e they are linked accounts. They have no impact on the recording a transaction to one of those accounts.

Do let us know how you get on and if you require further assistance.

[jenniek]

Hi There @Deedeez

You need to create an account next to the locked GST accounts - called GST Payments/refunds. This is where you should code actual GST payments to. This will make the accountants job easier when reconciling the GST at year end. You should not be coding anything to the locked GST accounts as these are system accounts which MYOB uses when you process a transactions including GST.