115mar
Level 1

PAYG Installment Liability Account

I need help, please.

 

When I do my BAS, I record the PAYG instalment amount, and then I record payment from the GST tab.

 

I can see a negative amount next to PAYG Instalment Liability on my balance sheet. 

 

Is this the way how I should do it?  Please let me know how I can get rid of my balance sheet negative amount.

Thanks