Hi there.
I just running my monthly GST report before filing and I noticed that bank transfers (i.e. moving money from one internal bank account to another) are appearing in my GST report under Sales & Income Exempt (0%) for money coming into that acount and Purchases and Expenses Exempt (0%) for money going out of the account.
[see attached screenshot]
I fully understand that they are exempt and do not affect the GST amount, and that the money coming in balances money going out - but why are internal movements within the company banking showing up in the GST report at all? This has not occurred in previous reports that I can see.
Is this how it should be for internal bank transfers or am I don't something wrong or a bug in MYOB essentials?
Cheers
tom