Join Elizabeth Haverfield for an in-depth discussion in this video GST Accruals Summary report, part of MYOB AccountRight: Reporting Necessities.
Now let's have a look at the GST Summary Accruals Report.…Click onto to GST Summary Accruals and display the report to screen.…We're still looking at the reporting period from January to March.…The free tax code still has $35 allocated to it, that's the same.…Our GST code has $6,010 in the sales value and our tax collected is 546, so this…figure has gone down. Our purchase value is $2,678.…
This figures gone up, so our tax paid…is also gone up. The difference between our tax collected…and our tax paid is $303. So before, we had $516, let's…take away 303 and the difference is 213. The reason…for the difference is because cash reporting…is only on transactions paid and actually received.…Accrual reporting is on the date that the date that…the transaction was entered, whether it was paid or not.…
So we have some entries where we have recorded…them in December and the payments came through in January.…So on an accruals basis, that makes…a big difference.…
- 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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