Please find attached an article to help those of you on payments or hybrid basis complete the GST adjustment form.
GST Assistant (NZ users)
Best run the Assistant when you have completed all invoicing for September but can be run earlier as long as you take care with entries.
Ensure you have the logged onto your PC and your MYOB program as the Administrator.
Allow plenty of time for the update, particularly if you have lots of items/cards. Some updates are taking 1-2 hours due to the size of the database and/or speed of your computer. You could run after work hours to minimize disruption.
If you have a large stock list (4000+items) try a workaround – export items to Excel, change the GST code to S15 and import back in. This may also apply to customers and suppliers. Backup before you import anything at all.
Upgrading database/MYO file when not on the local PC. Best to run the Assistant on the computer which contains the company file, eg, if you use a server, then run the assistant from the server itself.
Missing buttons on GST assistant (as in NO buttons) – makes it hard to press “next”: Use the keyboard shortcut for “next” which is ALT-X. Then you continue past the welcome screen. If you minimise and maximise the window, buttons reappear.
The Assistant uses the ODBC driver. Make sure you have the ODBC 9 driver installed and remove earlier versions of the ODBC driver via add/remove programs.
Once the Assistant has run, take care that entries dated Sept use old GST code “S” and entries for Oct use GST code “S15”. When Sept bank reconciliation is completed, remember to Lock your period
(Choose Setup, Preferences, Security tab – tick disallow entries prior to 1 Oct 2010)
Check the GST assistant works by looking over your data (accounts, cards, items and activities). Remember it doesn’t actually update your orders or recurring entries – these will still show GST of S.