Tax amount

Question

Have received an invoice that in exclusive of tax  When entered into myob the tax is calulated wrong  How do I change is amount to the correct amount.

Thanks

Peta

Liz_A · Answer

Hi @MeagherMeagher

There can be a rounding difference and I would normally change the format in MYOB to say Tax Inclusive so that the total invoice amount is correct. The BAS's are rounded anyway so a cent or two won't make a material difference.

Cheers

Liz

MeagherMeagher · Answer

I am talking about an invoice that has the amount calculated wrong not changing the tax code.

GT is calculated by MYOB as $5.11 Invoice as $5.10 making the total of the invoice different.

Liz_A · Answer

Hi @MeagherMeagher

I'm not sure what version you are using but most have Tax Codes set up so you just change the Tax Code to something like N-T Not reportable (meaning no tax) or FRE GST Free which is also no tax.

Cheers

Liz