We have more questions on this than almost everything else (put together!)  Most people using MYOB don’t do the GST rec but leave it to their accountants at the end of the year. But, you should really do it and we have developed a simple worksheet with pictures you can easily follow.

Click on the link below to open the .pdf and print a copy for yourselves. If you’re on Payments basis (most of you are) run the reports concerned and plug in your figures (best start from 1/4/09) and check the two GST returns already filed. If you’re on the invoice (accrual) basis, follow the method we give you.

http://www.accountingtraining.co.nz/MYOB-files/GST-reconciliation-for-payments-basis.pdf

Good luck & let us know how you go!

Regards Lynley

Related posts:

1. GST Reconciliation – Payments basis
2. Digging for Dirt in MYOB – Part 1
3. Customer Discounts & Returns
4. Out with the old year . . . in with the new