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Using AccountRight in Australia? See Lodge your activity statement for how to complete this month-end process.


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You can use the Prepare GST Return& Provisional Tax function to fill out and file your GST return manually or online using Inland Revenue Department's eGST service.

Before you prepare your GST return, you should:

  • Review your GST codes setup: Make sure the GST Code is Reported on GST Return option is selected for zero-rated GST codes with a rate of zero (and deselected for exempt GST codes). See Setting up GST codes for more information on creating and editing GST codes.
  • Review your GST reports: There are several GST detail reports available that you may want to review before preparing your GST return.

  • Give your tax agent access to your myIR account: If your tax agent will be filing GST returns online on your behalf, you will need to give them access to your myIR account and delegate the GST return filing service to the agent. See the IR website to learn how to grant others access to your myIR account.
     

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titleFile your GST return online (eGST)
If you're using AccountRight 2016.2 or later, and your

File your GST return online (eGST)

If your company file is online, you can choose to file your GST returns online (eGST). It’s easy to do, and there are no forms to fill out and send. 

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Go

Let's step you through it: 

  1. In your online company file, go to the Accounts command centre and click Prepare GST Return& Provisional Tax. The Prepare GST Return& Provisional Tax window appears.Prepare GST ReturnImage Removed
     
  2. In the File Online tab, click Prepare GST Return Get Started and a browser window will appear. If the Get Started button can't be clicked, ensure you're working on an online company file.
  3. Enter your MYOB account details (these are the same details you use to log into AccountRight Live and the my.MYOB websitesign into My Account).
  4. If prompted, enter your company file User ID and Password (these are the same details you use to sign on to your company file).

  5. In the GST lodgement page, select the GST taxable period, period end and accounting basis, and then click Add return.To continue working on an existing return, click the date listed in the Period end column, then skip to step 7.

  6. To start a new return:

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    1. Click Add return. The Return details page appears.

    2. Enter your IRD/GST number and select your Return type.

    3. If prompted, enter your myIR user ID and password.

    4. Enter your GST output tax adjustment account and GST input tax adjustment account. Ensure these are not both the same account.

    5. Choose your GST taxable period, Period end and Accounting basis. Note that the 6 month GST taxable period option is not yet available.

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Currently online GST lodgement only supports the 1 month and 2 month GST taxable periods. The 6 month GST taxable period is currently not available for online lodgement.

Can't choose a month in Period end?

If you've prepared a GST return for a previous period, that period won't appear in the Period end drop down list.

  • Select whether you want to include year-end adjustments in the return
    • , and then enter the account numbers you use to track GST output and input tax adjustments
    1. .
    2. Click
    Add return and then select your return type in the GST return type field.
    1. Create. The return appears, pre-filled with the amounts that have been transferred from AccountRight.
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  • Review the amounts and click Validate to check the formatting. Make any changes that are required.
  • (Optional) To save your changes (if you want to complete the return later) click Save.
  • Click Prepare to Filefile, and if all details are correct, click File.
    A message appears requiring you to confirm that you want to file the return with Inland Revenue.

  • Click Confirm

    and then enter your myIR user ID and password

    .

  • Click Authorise, and your return will be filed File to file the return with Inland Revenue. The GST lodgement page reappears showing the submission status of the return.
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    titleFile your GST return manually

    File your GST return manually

    1. Go to the Accounts command centre and click Prepare GST Return& Provisional Tax. The Prepare GST Returns& Provisional Tax window appears.
    2. If you're using AccountRight 2016.2 or later, click the File Manually tab.


       

    3. Select Choose the last month of your reporting period.

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      Can't select choose a GST reporting period beyond March 31? Some financial reports are only available for the current and next financial years. If you haven't closed a financial year for a while, you'll first need to close a previous financial year before you can select a later date.

    4. If you've recorded end-of-year adjustments and you want to include them in your return, select the Include Year-End Adjustment transactions in report option. 
    5. Select

      Choose the GST

      reporting period

      Reporting Period and

      select the

      GST

      accounting basis

      Reporting Basis which your business uses to report GST.


      This is the accounting period and basis chosen by your business when you registered for GST. If you're unsure which basis your business uses, find out from your accountant or Inland Revenue.

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      Not registered for GST? If you're using AccountRight 2020.2 or later, choose Not Registered as your GST Reporting Period then click OK to finish.


    6. Select the accounts you use to record GST Output and GST Input adjustment activity. Ensure these are not both the same account.
    7. Click Preview GST Return. The Print Preview window appears, displaying your GST return information.
    8. If the information on the report is correct, click Print to print a copy of the report.
      If you need to edit your GST return information, click Close to return to the Prepare GST Return& Provisional Tax window.
    9. You can use the information from the GST Return that you printed or complete and lodge your actual GST Return (GST101) electronically or by post. See the Inland Revenue website for more information about these options.
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    titleTo record your GST Return transaction in your company file

    To record your GST Return transaction in your company file

    After you have prepared your GST Return, you need to:

    1. create a journal entry to clear your GST Collected and GST Paid accounts for the Return period and post the difference to your GST Payments/Refunds account, and
    2. record a Spend Money or Receive Money transaction for the Inland Revenue payment.

    Example journal entry - if you owe Inland Revenue

    In this example, your GST Return shows that you have collected $2,500 in GST and paid $1,000 in GST. This means you need to pay Inland Revenue $1,500 in GST. Your journal entry will look like this:

    Example journal entry - if Inland Revenue owes you

    In this example, your GST Return shows that you have paid $2,500 in GST and collected $1,000 in GST. This means you're owed $1,500 from Inland Revenue. Your journal entry will look like this:


    Recording the Inland Revenue payment

    If you need to pay Inland Revenue, record a Spend Money transaction from the GST Payments/Refunds account.

    If you need to receive a payment from Inland Revenue, record a Receive Money transaction to post the payment to your GST Payments/Refunds account.

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    titleRelated topics
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    IRD eGST GST help

    Lock a period

    Setting up GST codes (New Zealand)

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