Opening balances and remaining balance error
I've just moved over to MYOB Business Lite from old MYOB AccountEdge (Mac) software. Everything has been set up manually (ie. no migration from our old software), as we decided it was simpler just to start fresh with the current financial year 01/07/26 and no historical information carried over. Our business structure is quite basic so this seemed to be the best way moving forward with the online system. I have set up our chart of accounts (categories), and entered opening balances for our asset, liability and equity accounts at 01/07/26. I entered the opening balances by selecting 'edit categories' at the top of the main categories page and entering the appropriate amounts. Everything balanced, and the remaining balance showed $0.00, so I clicked save. However if I click on 'edit categories' again it now shows an odd amount in remaining balance. The chart of accounts still show all the correct opening balance amounts, as does the balance sheet report at 01/07/26, with nothing in historical balancing. Is this a known software glitch and can it be rectified? When I went back into 'edit categories' I noticed the opening balances for all accounts (except three) now had $0.00, but the current balances all showed the correct opening balance amounts. Interestingly, the three accounts that still showed opening balance amounts (as well as current balance amounts of the same values) on this page almost equalled the remaining balance — they were out by exactly $2.00. Tried logging out and clearing my browser cache etc, but this made no difference. I also tried the suggestion made in some other posts about entering/deleting a nominal $1.00 amount in a different category to refresh the accounts, but this didn't work either. I wanted to know if others have experienced this and if there is any solution, or if I need to be concerned by this anomaly when all our reports etc are showing the correct information. Thanks for any help or advice anyone is able to provide.
Reverse Charge GST on Digital Goods
Hi, I can't seem to find a solution on how to record reverse charge GST on digital goods. I'm using MYOB Business Lite. Everything I've tried either doesn't show up in the MYOB BAS report or doesn't allow me to reconcile the bank transaction. I have a bank transaction for $37.85 which the amount paid to the overseas supplier. To comply with the ATO, I need to add GST on top of this amount and record a GST credit for the amount paid. See ATO site: QC17450 I've tried to record it into a single transaction (with negative amounts, different and/or custom tax codes) which always leaves me unable to match to the bank transaction because it thinks $41.64 is the amount paid. I've tried to create a journal entry with the category being the GST account however, it seems like the BAS report doesn't look at the categories - just the tax codes. I've even tried creating custom tax codes however, they also don't appear in the BAS report. Any help would be appreciated. Note: Please don't suggest going and seeing an accountant (as suggested on similar community posts). If I was using a spreadsheet, I could do this easily. I'm struggling with how MYOB works - not the fundamental concept.