Forum Discussion

yoshu's avatar
yoshu
Trusted User
6 years ago

Bas amendment entry

Hi,   We did an amendment on lodged and paid BAS for July qtr. I have paid the amended amount to the ATO recently. How do I enter this in MYOB? Can I do a simple spend money entry (from ..account t...
  • Steven_M's avatar
    Steven_M
    6 years ago

    Hi yoshu 

     

    I would recommend speaking to your accountant in regards to the best way to record that transaction including the accounts, amounts and tax codes involved in that transaction.

     

    Generally speaking, you would look at recording a Spend Money transaction with the bank account being the Pay from Account. The allocation account would be either be the holding account (used as the residual amount from the previous period) or the GST linked account that was incorrectly allocated in the previous transaction i.e. GST paid.

yoshu's avatar
yoshu
Trusted User

Thank you for the attachment. But it doesnt solve my problem unfortunately.

 

I have already lodged that BAS (July-Sept qtr) as shown in the attachment. My query is how do i enter the amended amount that i have paid ATO recently. For example I paid $10,000 Bas in Oct(for July Qtr) and closed off, But I should have paid $12,000.

So now I need to pay the amended $2000 to ATO. and Ive paid it in March. Now how do I record this in MYOB.

 

If I do the initial method with 1A-1B+W2 then the total will be out. 

 

Cheers

Steven_M's avatar
Steven_M
Former Staff
6 years ago

Hi yoshu 

 

I would recommend speaking to your accountant in regards to the best way to record that transaction including the accounts, amounts and tax codes involved in that transaction.

 

Generally speaking, you would look at recording a Spend Money transaction with the bank account being the Pay from Account. The allocation account would be either be the holding account (used as the residual amount from the previous period) or the GST linked account that was incorrectly allocated in the previous transaction i.e. GST paid.

  • yoshu's avatar
    yoshu
    Trusted User
    6 years ago

    Thanks Steven

    • yoshu's avatar
      yoshu
      Trusted User
      6 years ago

      I spoke to my accountant and she asked me to enter it as 1A diffrence amount + 1B difference amount= total amended amount i paid to ATO

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