Watch GST on Recurring Purchases Entries
If you use Recurring Purchase entries to record a standard entry per month, but you then go and amend the values - watch the GST ! We have found that the GST report is correct showing the amend GST value, but the value that goes to the GL Account for GST Paid, is incorrect and still shows the original value of the Recurring Purchases Entry . We identified this as our GST report wasnt maching our GST LEdger Account. A painful process to match off every transaction to identify the differnce and it all came back to a REcurring entry we were using for Credit Cards. Hope this helps others who identify a mismatch!Import Invoices $115.01
Hi Looking for help importing customer Invoices. If the value of Invoice importing is $115.00 - MYOB is importing value as $115.01. Causes pain when customer has their Invoice for $115.00 and paying $115.00 The import fields dont care what vales are in columns GST, GST AMOUNT, INCLUSIVE. Just treats amount as GST Exclusive! MYOB can't help - have tried many ways - hopefully someone can help. Before Covid as not an issue - unsure why it is doing now. Help please otherwise will have to change software......Thank you all who answer - appreciate very much.619Views0likes2CommentsSince the last update Supplier invoice is not recognising the supplier preferred GST code
Since the last update the when I've been entering Supplier invoices the system has NOT been recognising the suppliers tax code. I've checked in the 'Buying Details' tab for the supplier and irrespective of which tax code is listed and the preference of 'Use Supplier's Tax Code' is ticked, it is defaulting to the expense account tax code. Is anybody else having this issue or just me?SolvedThe correct way to record pre-GST sales and purchases?
Hey my tax accounting friends. If I'm a non-GST-registered sole trader, when using MYOB AccountRight, which tax code do I use for purchases from GST-registered suppliers, and which tax code do I use for sales? (N-T, GNR, GST, other?) I've read conflicting information about the correct tax code to use.Solved1.2KViews0likes1Comment