PAYING GST

For many businesses, in addition to GST, the BAS payment may also include PAYG Withholding tax, PAYG Instalment tax and FBT commitments.

To prepare a GST payment:

  1. Go to the Banking Command Centre
  2. Choose Spend Money
  3. Ensure the correct Cheque No and Date are entered
  4. Enter the Amount of the total BAS payment in round dollars
  5. Enter the ATO Card
  6. Enter an appropriate Memo
  7. Enter the Acct # for each payment item on the BAS and enter the payment amount per the BAS i.e. PAYG Withholding Payable, GST Collected, GST Paid, Fringe Benefits Tax Payable and Income Tax Payable
  8. Ensure the Tax code for each line is N-T
  9. Click Record

For further assistance: Contact Melanie Jenkins
Download this MYOB Help Sheet with accompanying images to assist you with each step below…

 

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