• SMETechSG

How to Record Paid Import GST?

1. Go to banking -> Spend Money 2. Select the bank for the payment 3. Make sure the “TAX INCLUSIVE” is untick 4. Memo column can put as description eg. Pay import GST 5. “AMOUNT” column is the GST amount that need to pay 6. Enter one + (positive) purchases and one – (negative) purchases and the amount will be the basic of the GST 7. Tax Code will be one IM for positive and NT for the negative Click Record once done

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MYOB Singapore is now known as ABSS Singapore from 1st January 2018