Hi Glen From your email address I assume you are in Australia, like me. Go to the MYOB web site - The FAQ's will answer most of your questions www.myob.com.au I've given you a few hints as follows............. ----- Original Message ----- From: "Glen" Newsgroups: biz.comp.accounting Sent: Saturday, August 11, 2001 2:21 PM Subject: MYOB GST Setup > Hi everyone, > > Having just returned from 2 years in London, I've left my company > accounts in a box & am now trying to piece together the past few years > into MYOB. > > As of 1 July, my company registered for GST, but I don't know how the > GST should be put into MYOB (V11). > > Do I need separate accounts for the GST paid and another for the GST I > collect ?? > Yes: Set up GST Collected and GST paid in the liability section of the balance sheet. > Does the GST account I setup for "GST collected" go in > as a liability ?? Yes > > Do I need to treat things differently for last year when I wasn't GST > registered ?? Yes - before you were registered for GST, you were input taxed. This means you don't charge GST and you cannot claim back the Input Tax Credits (ie GST paid). > > Alternatively, does anyone know of an evening course in sydney for > basic MYOB setup. Most TAFEs have courses - look in the Yellow Pages. > Any help greatly appreciated. > > Glen. Regards Raoul Dunk RP Dunk & Co. Chartered Accountant Salisbury, South Australia http:/adelaidesa.8m.com/rpdunk.htm

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