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Use the GST settings page to set up the way MYOB Essentials deals with your GST. Choose whether you are registered for GST, and set up and edit your basic GST details. You can also view the available tax or GST types.

You should make sure your GST settings are correct before lodging an activity statement (see Lodge your activity statement).

 

To enter, edit or view your tax or GST settings (Australia)
  1.  On the Settings  menu, click GST settings.

    The GST settings page appears.
  2. Choose whether you are registered for GST. If you’re not registered for GST, you don’t need to enter any of the other details in this page. Click Save.
  3. If you’re registered for GST, select the type of Accounting basis you use:
    • Select Cash if you want to account for GST whenever you make or receive a payment.
    • Select Accruals if you want to account for GST whenever you issue or receive an invoice, or receive or make a payment (whichever is earlier).
  4. Select your GST Reporting frequency (MonthlyQuarterly or Annually).
  5. Select the GST Option that reflects when you want to calculate and report on GST.
  6. Select a BAS lodgement method.
  7. To see a list of the current tax types, click the View Tax Types link at the top of the page.
    The View Tax Types window appears. Note you can't delete tax types or create new ones. Click the close icon (  ) to close the window.
  8. Click Save to save any changes you’ve made.
To enter, edit or view your tax or GST settings (New Zealand)
  1. On the Settings  menu, click GST settings.
  2. The GST settings page appears.
    Choose whether you are registered for GST. If you’re not registered for GST, you don’t need to enter any of the other details in this page. Click Save.
  3. If you’re registered for GST, select the type of Accounting basis you use:
    • Select Payments (Cash) if you want to account for GST whenever you make or receive a payment.
    • SelectInvoices (Accruals) if you want to account for GST whenever you issue or receive an invoice, or receive or make a payment (whichever is earlier).
  4. Select your GST Reporting frequency (One monthTwo months or Six months).
  5. To see a list of the current GST types, click the View tax types link.
    The View tax types window appears. Note you can't delete tax types or create new ones. Click the close icon (  ) to close the window.
  6. Click Save to save any changes you’ve made.