This is part of our GST, BAS and Reporting series (Chapter 6 of the MYOB tutorial hub):

• Lesson 1: How MYOB Records GST Automatically
• Lesson 2: Creating and Completing Your BAS in MYOB
• Lesson 3: Lodging Your BAS and IAS Directly from MYOB
• Lesson 4: Understanding MYOB AI BAS
• Lesson 5: Essential Reports to Check Regularly in MYOB
• Lesson 6: Adding Users and Inviting Your Accountant in MYOB

MYOB tracks GST in the background every time you categorise a transaction, which is what makes your BAS mostly build itself.

1. Choosing the right tax code

Every transaction gets a tax code, such as GST, GST free, or not reportable, and choosing correctly matters for an accurate BAS.

2. Common GST-free transactions to know

Some sales and expenses are GST-free by law, so it is worth knowing which of your regular transactions fall into this category.

3. Keeping your coding consistent

Inconsistent tax code use on the same type of transaction is one of the most common sources of BAS errors.

4. Checking through the quarter, not just at BAS time

Spot-checking your coding regularly catches errors while they are still easy to fix.

MYOB Academy covers GST basics: academy.myob.com. Our registered BAS agents can review your GST coding before you lodge.