SherylBT
Joined 7 years ago
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Re: GST on Commission appearing as a negative purchase
Thank you Steven_M , I understand the principal, but it is restrictive. With the volume of Purchases we enter especially in peak season, it is just not an effecient or viable way to enter the commission we receive as income against a ticket purchase as a seperate sale. Especially as the card is either for a 'Supplier 'or a 'Customer' and MYOB won't allow payments to be applied across different types of 'cards'. Is there a chance that MYOB would look at a 'fix' so that it is less restrictive and the user can choose which data they require in the GST Reports? For instance a negative value entered in a purchace against an income account should be considered income? Thank you and I look forward to a reply :) SherylBT2.7KViews0likes2CommentsGST on Commission appearing as a negative purchase
As a booking agent for tour operators, we enter the cost of the tour as a purchase less the commission. The purchase is an expense and the commission is income. We pay the operator the balance once the visitor has been on the tour. This works well, however the commission appears on the GST reports and in BASLink as a negative purchase rather than income. This also reduces the G1 & G11 figures we are reporting to the ATO although doesn't affect the total GST owing. Is there any way to correct this without going through the GST detail report and seperating the comission out? The detail report is 66 pages long and this is very time consuming. I have thought of creating a new GST code for commission so that it will appear on the detail report seperately, however I will still need to manually adjust the G1 & G11 in BASLink.Solved2.8KViews0likes4Comments