myob11
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Open purchase paid by different company
Hello, there is likely a very simple answer to this but I'd like some advice please: We move money between two separate companies consistently. Company A has a credit card purchase open in MYOB for $1000 Company B pays the amount owing of $1000 directly to the credit card of Company A, which needs to be repaid. How do I close the open purchase in Company A and allocate the amount of $1,000 owing to Company B? Hope this makes sense!20Views0likes1CommentRe: GST Detail Report
Hi Celia, Thank you for your response, I appreciate you taking the time to try to help. Unfortunately I am still a little confused. All the transactions that were included in the screen shot are marked with the tax code N-T in their corresponding entries. This is why I'm confused that only one part of the transaction appears in this report. Even though these transactions do not affect our BAS, when running the report we choose to show all transactions marked N-T to ensure there has not been a mistake in entering data. However, it is not showing all entries, even if they are not reportable. This gets me a little worried that there may be other transactions it is not showing. As I tried to explain in my first post, if the report is showing all N-T transactions there should be two - a 'purchase' for $8000 then a 'sale' for $8000 but it is only showing one half of the transfer. I hope I'm explaining properly? Thanks again424Views0likes0CommentsGST Detail Report
Hi there, When running the GST Detail Report for calculating our quarterly BAS, I have noticed that in the N-T part of the report, not all our transactions are appearing. The transactions missing relate to where money has been transferred from Bank Account 1 to Bank Account 2 and vice versa. In this screenshot you can see the first line 'Transfer to Agri' which was an $8000 'purchase' (from account 1 to 2), however it does not show the $8000 'sale' (i.e the money appearing in bank account 2). I hope this makes sense, and that someone can explain why this happens. Of course this does not affect the BAS however my question is more to understand why these transactions are not included in this report - perhaps I am entering incorrectly (currently entered as spend money / receive money rather than a transfer). I am new to book keeping so like to understand why/how things are working. Let me know if I can provide more information.554Views0likes3Comments