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Level 2

PAYG Withholdings Payable still showing after BAS payment matched to ATO Clearing Account

Hi,

 

I matched a bank transaction (BAS payment to ATO, which included PAYG Withholdings Payable) to the ATO Clearing Account. When I checked the Chart of Accounts the ATO Clearing Account had a zero balance but the PAYG Withholding Payable still shows a negative amount (the same amount that was made in that BAS payment. Why is this so? I'd thought that by allocating the payment/transaction to the ATO Clearing Account it would automatically clear the balances liable. Am I missing something?

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QuickBooks Team

PAYG Withholdings Payable still showing after BAS payment matched to ATO Clearing Account

Hi LEIATUII, 

 

Thank you for reaching out. When you mark the BAS as paid in the GST tab the system is designed to move the PAYG Payable amount into the ATO Clearing Account to then be offset by the match in the Bank Feed. 

 

In this type of situation it may be best for you to contact our Support Team so one of our experts can take a look over this for you. 

 

Thanks, 

Rebecca