Report Taxable Payments
Hi,
We MYOB live link to transfer Supplier invoices over to MYOB AccountRight from another software program we use.
The supplier invoices I need to report come across from the other software to MYOB Account Right unticked even though in the MYOB card file they are ticked to Report Taxable Payments. So when comes to Reporting time I need to go back into the indivdual Supplier Cards buying details & untick Report Taxable Payments then re-tick it for every single Supplier to ensure I get all the invoices.
Is there any easier way to do this quicker & less time consuming?
Hope someone can help.
Thanks
Sharon
Hi SharonB22
When Setup>>Preferences>>Reports & Forms>>I Report Taxable Payments Made to Contractors is enabled the Enter Purchase and Spend Money windows will have a new option: Reportable Payment. This particular field is used to mark the transaction for reportable payments/Taxable Payments Annual Report (TPAR). By default, the Reportable Payment option comes from the Supplier's card - Buying Details section. However, can be changed on a per-transaction basis if necessary.
In your case, as you are pulling that purchase from a third-party application it would bypass the stage of looking at the card to determine if that option is enabled thus may show as no reportable. I do note that within the AccountRight API documentation there is the option for IsReportable. This is a field for the API that can mark those transactions for Taxable Payments. I would recommend speaking to your third-party software provider to look at ultising that field to allow those purchases to be marked as reportable.
If using that IsReportable is not an option, you could look at marking those transactions as reported in the Review Transactions stage of the Taxable Payments Assistant:
