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TamP
Level 1
posted
‎April 15, 2023 05:09 PM
last updated ‎April 15, 2023 12:09 AM

BAS- PAYG withholding not clearing

Hi All

 

I am struggling to clear my PAYG withholding account when lodging BAS. I understand it all goes to the ATO clearing account as the attached journal is the BAS I submitted.

 

However when I go to GST- Record Payment I would assume it would apply it to the PAYG Withholding however as it just clears the ATO clearing account is there another step I need to take to ensure it clears the PAYG payment also? So the PAYG Withholding account clears as my Balance sheet still shows it as a negative.

 

I hope I have made sense

Thanks

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1 Comment 1
IntuitAika
Intuit
Intuit
‎April 17, 2023 10:33 AM

BAS- PAYG withholding not clearing

Hi TamP,

 

Thanks for posting in the Community! When recording GST/BAS payment in QuickBooks Online it'll automatically posted to ATO Clearing account regardless if the lodged BAS includes PAYG Withholding. 

 

If you would like to zero out PAYG Withholding, you can create a journal entry or you can change the default account for PAYG Liability to PAYG Withholding on your payroll settings. 

 

 

 

Here's how: 

 

  1. Go to Employees or Payroll tab and select Payroll Settings.
  2. Select Chart of Accounts and then Default accounts.
  3. On PAYG Liability, select PAYG Withholding. 
  4. Select Save. 

 

Then, delete the GST payment in GST tab and export the pay runs again by following these steps: 

 

  1. Go to Employees or Payroll tab. 
  2. Select Pay Runs.
  3. Open a pay run then on Pay Run Actions dropdown, select Export Pay Run. 

 

Once done, record the GST payment again by going to GST tab and select Record payment. Then, match the the recorded GST payment to your bank feed. Your PAYG Withholding and ATO Clearing account on your Chart of Accounts balance will show as zero. 

 

Message us back if you have any other questions, we're here to help. Have a nice day! 

 

 

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