EOFY Verification, Payroll Summary Matches - ATO have missing payruns and populated BAS differently
Hello When I went to December BAS to submit figures, the pre-populated figures did not match my Payroll Summary, My Payroll Register or my YTD Verification Report - which all agree. My first question is - where do the figures come from in the YTD Verification Report - the ATO or direct from MYOB? I have been told that provided my YTD Verification Report agrees with my Payroll reports - not to worry. This seems odd as the ATO appear to be expecting figures different to these and I have identified which payruns are not showing in the ATO portal. I have identified the 2 x single pay runs that do not show in my ATO portal - one a reversal and one the re-done pay for the same person in the same period. This accounts for the different in the PAYG and Gross between the BAS statements' suggested figures and mine. Are you able to walk me through how to resolve this and comment on the sentence in blue above? Much appreciated.
Old entries not allowing account to reconcile
I'm trying to reconcile different account files but cannot due to old entries pre 2016 not being purged correctly and still in the system. Example 1: ATO PAYG (W2) Installments I have floater from 30/6/13 that is sitting as a deposit but has no withdrawals to match it to so is throwing the reconcile out. Obviously the other items were all purged but this wasn't Example 2: Undeposited Funds 2x receipts that have showed back up but were orginally cleared from 2019 Some accounts like Customer Deposits have calculated balances in them that don't match anything outstanding and i don't know how to find them. This is also not the only account that this is occuring with. Can somebody please give me some insight as to why this is happening and how to fix it.
Spend Money/Receive Money: Indicate how you wish transaction to be displayed for GST
Currently, in Spend Money/Receive Money, there is no option to choose which side of the BAS (GST Collected vs GST Paid) the transaction should be reported oni.e.. if its Spend Money = GST Paid and Receive Money = GST Collected. Most of the time, this is the correct treatment, However there are often situations where this is not the case. For example if you receive a refund for a purchase (say a new computer that originally was paid via Spend Money, hence you use Receive Money to record the refund), then it will incorrectly report on the BAS under GST collected, when it should be a reduction in input tax credits. General journal have the toggle button to be able to choose which side of the BAS the transaction should be reported on. Why does Spend/Receive money not have this toggle feature also? The default should obviously be Spend Money= Purchases, Receive Money= Sales, however there should be option to change the GST reporting side if/when needed.I understand there is a work around involving additional tax codes, but I think this just complicates a simple process. Does anyone agree? Share your thoughts. "Spend/Receive Money may incorrectly be reported on the BAS"
