PAYG instalment Liabilities

BOPTY · ‎August 18, 2022

Is there a way to adjust previous quickbooks BAS entries to include the PAYG instalment

I only have only just realised I didn’t have the setting turned on.

I didn’t use QB to submit my BAS I did this through the ATO website. I just used QB to prepare my BAS

I have a transaction that I paid the ATO and part of this is a PAYG instalment but as I didn’t have this turned on before hand when I mark a payment as lodged via the GST tab it doesn’t match up with what I actually paid.

I cannot figure out how to mark the BAS payment in the GST and account for the the PAYG instalment.

I tried splitting the transaction on the transactions page but but it won’t let me put it as PAYG instalment liabilities

Looking for a way to fix this

IntuitAika · ‎August 18, 2022

Hi BOPTY,

Thanks for posting in the Community! You can unlodge your previous BAS so you would like to include the PAYG Instalment amount on the previously lodged BAS. To unlodge your BAS, you can contact our support team.

When PAYG instalments is enabled in GST Settings, QuickBooks will automatically create a PAYG Instalment Liabilities account, and include PAYGI within your lodgement flow. After you relodge your BAS with PAYG Instalment, you can click on Record payment to mark the BAS as paid in GST tab. Then you can match it to the downloaded bank feed.

For your reference, you can check on these articles:

How to lodge a BAS or IAS in QuickBooks Online

Reporting PAYG Instalments on BAS and IAS

Feel free to drop a comment below if you have any other questions. Have a great day!

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PAYG instalment Liabilities

PAYG instalment Liabilities