Forum Discussion

Ravinder's avatar
Ravinder
Experienced User
4 years ago

BAS Refund ATO

Hi   I have lodged BAS for Jan-March 21 (GST Collected $553, GST Paid $ 204) for my business and  paid $349 to ATO. But the actual amount was as below: GST Collected $553 GST paid $221, then I lo...
  • Tracey_H's avatar
    Tracey_H
    4 years ago

    Hi Ravinder 

     

    Thanks for that screenshot. My apologies, the easiest way to handle this particular situation is to allocate the $17 straight to the GST Paid account without the other amounts and accounts. Then check the GST Paid account to make sure it reconciles. 

     

    Please let me know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Ravinder's avatar
Ravinder
Experienced User

Hi Tracy,

Please find attached screenshot.

 

Thanks

Ravinder

Tracey_H's avatar
Tracey_H
Former Staff
4 years ago

Hi Ravinder 

 

Thanks for that screenshot. My apologies, the easiest way to handle this particular situation is to allocate the $17 straight to the GST Paid account without the other amounts and accounts. Then check the GST Paid account to make sure it reconciles. 

 

Please let me know if you need further help.

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

  • Ravinder's avatar
    Ravinder
    Experienced User
    4 years ago

    Hi Tracy

     

    Thank you so much for your help.

     

    Kind Regards

    Ravinder

     

    • Tracey_H's avatar
      Tracey_H
      Former Staff
      4 years ago

      You're very welcome Ravinder 

       

      Please don't hesitate to post again if you need help in the future.

  • Wynn's avatar
    Wynn
    Experienced Cover User
    4 years ago

    Hi Tracey, Is there a help note on  reconciling the gst paid account?

    • Tracey_H's avatar
      Tracey_H
      Former Staff
      4 years ago

      HI Wynn 

       

      If you are reconciling to the balance sheet and report on a cash basis the difference between the balance sheet and the GST paid amount in the GST summary cash report should be the Total tax outstanding on the Payables with tax report. 

       

      You can also use the Company Data Auditor to reconcile GST.

       

      Please let me know if you need further help.

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.