Before you can start entering your transactions enter your business details and set up your GST details to report your business transactions on the correct date.
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By default MYOB Essentials automatically adds your business in the current financial year. You can however change the opening balance date, when you enter your account opening balances. |
Let's add Steve's business and GST details for the financial year July to June 2016.
This website will give you the business details
ABN: 111 111 111
Are you registered for GST? Yes
Accounting Basis: Cash
Reporting Frequency: Quarterly