DJade
Experienced User
Joined 3 years ago
User Profile
User Widgets
Contributions
Re: Variance in GST return and GST report
Enough JosieBaxter , hi, I haven't receive the response from MYOB regarding this but I would recommend you use the figure in the GST report. As I studied, the figure in the GST return is caculated by taking the total purchase and dividing it by 11. For example in my case, I have some transactions that I allocate as GST but I adjust the tax amount lesser than 10% of the total amount (eg. purchased 11$ allocated with GST, GST supposed to be $1 but I adjusted it to be $0.5). The GST return will report $1 as GST on purchase which is incorrect and the GST report will report $0.5. On the other hand, if you split the transactions to determine the GST amount and FRE amount, the GST return will report correctly (eg. $5.5 allocated with GST and $5.5 allocated with FRE => $0.5 GST). That's my case and I think there might be more case which make the variance between the 2 reports. However, hope this will help you to know which report to choose.875Views0likes0CommentsPay Time off in leave at final pay
Hi, I would like to have a question about how to pay out time off in lieu. I have an employee which is a fulltimer who works 38 hours per week. He isn't paid with overtime rate in public holiday. I pay him with normal rate and he will receive DIL for the holiday he worked. Now he resigns and I have to prepare the final pay which pay out any unsused annual leave and DIL that he hasn't taken time off for. But if I pay the DIL in his final pay, doesn't that mean I paid him twice for 1 public holiday? Could anyone please advise what's wrong in this process? Thank you so much.358Views0likes1CommentUnpaid public holday
Hi, I am employing an employee and paying him a fixed amount every week. He didn't take any day off during the year even on public holidays. I know that employer supposes to pay employees a higher rate if they work on public holidays. So what I want to ask is that I didn't pay him a higher salary on public holidays even though he went to work normally, could I pay him the amount he was supposed to receive when he worked on public holidays now? I would really thankful if anyone could help me with this. Thank you so much.Solved404Views0likes1CommentClaim GST on input tax purchase
Hi everyone, do anyone have experiences with claiming GST on an input tax purchase? As far as I know, credit card fee has GST, however, on the invoice of my supplier they didn't charge GST on the credit card fee. It's because the credit card fee is the input tax credit for my supplier. I wonder if I could claim the GST of the credit card fee. Would be really appreciate if anyone can assist me with this. Thank you so much.405Views0likes1Comment