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Partial GST claim

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EdwinS
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EdwinS
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Partial GST claim

If I have a partial GST claim on an expence, ie. electricity.  I am able to claim 25% of the expence as this is household and business electricity.  How can I set this up in MYOB?

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Ultimate Partner jenniek
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New Zealand
jenniek
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2185Posts

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Re: Partial GST claim

Hi there,

You would need to split the transaction into 2 lines - one which is the GSTable portion and the balance which is exempt. It depends on which programme you are using - but if you are using AccountRight - then do a spend money in Banking for the transaction which should then match to the bank feed. If you are using Essentials then use the same process - Banking - Spend Money.

Regards,
Jennie Kingma
JK Business Systems Ltd, Hamilton, NZ
Email: jennie@jkbusiness.co.nz
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