Join Elizabeth Haverfield for an in-depth discussion in this video GST Cash Summary report, part of MYOB AccountRight Reporting Necessities.
We will produce a GST Summary Report.…This report can be run on a cash on accruals basis.…Let's start with the GST Cash Summary Report to review some of the figures.…From Reports, click to open the index to report screen.…Go to GST Sales Text tab and look for the GST Summary Report on a cash basis.…Let's display it to screen.…We need to insure that our date range is from the 1st of January to the 31st…of March because that's our quarter. You'll notice that we have three text…codes, Free which has $35.25, that's our interest transaction.…
And our Goods & Services Tax has $7,204…on theSales side, which equates to $654 of Tax Collected.…Our purchase value is $1518, that equates to $138…of Tax Paid. We also have 330, which is not reportable.…So the difference between our Tax Collected and our Tax Paid is $516.…Let's take note of those two figures, Tax Collected…and Tax Paid, and now view the accruals report…to see the difference of those figures.…
- Installing MYOB
- Opening an existing data file
- Setting up tax codes
- Setting reporting preferences
- Saving filters and settings
- Editing and deleting customized saved reports
- Reviewing commonly used reports
- Completing a Business Activity Statement (BAS)
Skill Level Appropriate for all
1. Getting Started with MYOB
2. Report Features
3. Commonly Used Reports
4. Completing a Business Activity Statement
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