2 months ago
Breeny
Hi, I have just started using MYOB Business Pro. What is the tax code for bank fees? FRE or NT?
Hi there Breeny
Welcome to MYOB! If you're wondering what tax code to use, you can check this link for information and know which code applies to the transaction.
Best regards,
Doreen
Thanks Doreen, I have checked the link and have read about the tax codes and how to allocate. I realize the difference with merchant fees having GST and bank fees are GST free. I still have the question about which code to allocate to bank fees. FRE or NT?
Thankyou.