Account Keeping Plus – Business Administration, Bookkeeping, Compliance News & Tips MYOB Reckon Quickbooks Xero Software Training Small Business

Making Business Books and Accounting Come Alive! MYOB Reckon Xero

MYOB – How to enter a BAS refund from the ATO

Leave a comment

If a Refund from your BAS has come from ATO (or is due and you want to enter it now), here are the steps:

Go to Banking Command Centre

>Receive Money

> Pay from Account (where paying from)

>ID# leave auto # >Date

>Payor ATO

>Amount Received

>Memo: ATO BAS Y10 Q2 Refund

> Acct# in lower section to allocate: GST Collected and type in the 1A NEGATIVE amount from the BAS form, next line GST Paid and type in1B as POSITIVE, then PAYG Liability (or Payroll Liability) as NEGATIVE. Use NO TAX CODES. The Total Allocated (in the lower part of the transaction) should match the Amount in the top yellow, top RHS >Record.

Click on the image below to see the detail.

ATO BAS Refund Recieve Money MYOB

ATO BAS Refund Recieve Money MYOB

(What reports should I check and use to be able to fill out my BAS? See HERE for MYOB, and HERE for Quickbooks)


Author: Account keeping plus (Business accounting software

Administration, Bookkeeping and Compliance for small business, and Self-Managed Super Funds (SMSF) Training, trouble-shooting, or we can do the books and payroll for you! Self Managed Superannuation Fund Service Provider, Free support 30 min call 0407 361 596 Australia (+61 drop 0 from overseas) MYOB Certified Consultant, Reckon/QuickBooks Professional Partner.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s