Forum Discussion

trippleo's avatar
trippleo
Contributing Cover User
6 years ago

Register GST only invoice

Hi There,   Last year we had a car accident. We were not responsible so the insurance covered the cost except the GST component as we are registered for GST. How can we register an invoice for GST ...
  • Geoff_'s avatar
    Geoff_
    6 years ago

    Hi trippleo

     

    If you have bill for the GST only then when you enter the transaction you will have to enter 2 lines.

     

    Refer Ian Chaits postinghttps://community.myob.com/t5/AccountRight-Tax-and-Business/Assigning-Bank-Feed-Spending-for-GST-of-100-ie-ONLY-GST-in/m-p/549083#M9699

     

    Hope this helps

Geoff_'s avatar
Geoff_
Ultimate User
6 years ago

Hi trippleo

 

When we have an insurance claim paid by an insurance Company we show the transaction as GST free as the Insurance companies does not include GST in the claim

  • trippleo's avatar
    trippleo
    Contributing Cover User
    6 years ago

    Hi Geoff,

     

    Thank you for your quick answer. The thing is this is the invoice for the car rental. The insurance company won't pay for the GST. 

    • Geoff_'s avatar
      Geoff_
      Ultimate User
      6 years ago

      Hi trippleo

       

      If you have bill for the GST only then when you enter the transaction you will have to enter 2 lines.

       

      Refer Ian Chaits postinghttps://community.myob.com/t5/AccountRight-Tax-and-Business/Assigning-Bank-Feed-Spending-for-GST-of-100-ie-ONLY-GST-in/m-p/549083#M9699

       

      Hope this helps

      • trippleo's avatar
        trippleo
        Contributing Cover User
        6 years ago

        Hi Geoff,

         

        Sorry, but doesn't help. I would like to register this invoice as a purchase.

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