Forum Discussion

Lotties12's avatar
Lotties12
Contributing User
2 years ago

Taxable Payments Annual Report

I have a refund that was paid to a tpar supplier but it is not picked up in the annual report, so the report is incorrect - there is no check box for tpar in the receive money section and the tpar su...
  • Cloud_Mind's avatar
    Cloud_Mind
    2 years ago

    Lotties12 if it is a refund.  I suspect this is not working because it is a refund, and you are coding directly to the GL account TPAR is not picking it up as a supplier (Rather a customer).  To fix this, create a Bill Credit Note and take up the refund via the credit note.  This is the only way you will get it to show on the TPAR report. 

Princess_R's avatar
Princess_R
MYOB Moderator
2 years ago

Hi Lotties12 

 

Thank you for your post. 

 

In this case, if you've marked the supplier as reportable, this will automatically be included in the taxable payments annual report. Kindly refer to this Help Article, Reportable Contractor Payments, that has detailed information to assist with this.

 

Please feel free to post again, I'm happy to assist.

 

Cheers,

Princess

 

 

  • Lotties12's avatar
    Lotties12
    Contributing User
    2 years ago

    Thanks for your response, does it make a difference if payments are going direct to the GL account and the contact and not an invoice?  The receive payment has been put against the contact but still not recognised in the tpar

    • Cloud_Mind's avatar
      Cloud_Mind
      Ultimate Partner
      2 years ago

      Lotties12 if it is a refund.  I suspect this is not working because it is a refund, and you are coding directly to the GL account TPAR is not picking it up as a supplier (Rather a customer).  To fix this, create a Bill Credit Note and take up the refund via the credit note.  This is the only way you will get it to show on the TPAR report. 

      • Lotties12's avatar
        Lotties12
        Contributing User
        2 years ago

        Thanks Cloud_Mind - had to undo 9 months of bank recs but this fixed the issue. Thanks again

    • Princess_R's avatar
      Princess_R
      MYOB Moderator
      2 years ago

      Hi Lotties12,

       

      Thank you for your response.

       

      I definitely agree with what Cloud_Mind has provided. In addition to this, please refer to this Help Article to process the credit note and mark the transaction as reportable payments.

       

      I would also like to take this opportunity to thank you, Cloud_Mind, for providing this information. This will also help other users who might have the same concern. Thank you for your support. I really appreciate your effort in taking the time to post your ideas.

       

      Cheers,

      Princess

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