Forum Discussion

Peterll's avatar
Peterll
Experienced User
3 years ago
Solved

Tax Codes - Business Lite

I have started a file in MYOB Business Lite and I am not registered for GST nor do i have a payroll. My new file has a dozen or so tax codes with linked accounts to all of them. The HELP says I can't...
  • Yanike_S's avatar
    Yanike_S
    3 years ago

    Hi Peterll 

     

    If you want to modify tax codes you will have to go into Business settings>>GST settings and change to this business is registered for GST. This will allow you to modify the tax codes to NT in your Chart of Accounts. Also you will be able to adjust the Tax Codes as this menu will appear under Accounting>>Tax Codes (only when you have selected the option to be registered for GST). Read more about that here: Tax codes (Australia).

Yanike_S's avatar
Yanike_S
MYOB Staff
3 years ago

Hi Peterll 

 

Thanks for your post. If you are not registered for GST, make sure this is set in your file (Business name>>Business settings>>GST settings). Make sure to change the Tax/GST code field to N-T in:

Read more about that here: Changing your GST settings. 

  • Peterll's avatar
    Peterll
    Experienced User
    3 years ago

    I set the business to NO GST from thre start, created the COA with nothing but N-T codes but the Tax Codes are all there and they all have linked accounts i can't get rid of. Where can I change the linked acocunts so i can combine them into one to keep?

     

    • Yanike_S's avatar
      Yanike_S
      MYOB Staff
      3 years ago

      Hi Peterll 

       

      You can check and change Linked Accounts under Accounting>>Manage linked accounts.

       

      You can change the default linked accounts and turn some off. However, some feature-level accounts can't be changed or turned off, even if you don't use the feature they're linked to. Read more about that here: Managing linked accounts.

      • Peterll's avatar
        Peterll
        Experienced User
        3 years ago

        I know what you've told me. But this is the situation:

        1. I set the file up for no GST

        2. The information is that it should not have generated Tax Codes, but it has

        3. Every one of those tax codes has a linked account

        4. I can't find where to modify the tax codes - there must be a place otherwise what happens when the government changes the GST to 15%?

        5. I am stuck with all these useless accounts with nothing in them

        6. None of your help so far has addressed this.

         

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