Forum Discussion

Jaydana1's avatar
Jaydana1
Experienced User
4 years ago
Solved

Company We Are Invoicing For Works Doesn't Have An ABN, Only An ACN

Hi,   I am invoicing a Company that we did some work for (so trying to create a sales invoice).  They do not have an ABN, only an ACN.  When I create a client file for them, I have used N-T? (Would...
  • leibholdqpbc's avatar
    leibholdqpbc
    4 years ago

    Beleive you should have the tax on card set to GST  - not N-T

Jaydana1's avatar
Jaydana1
Experienced User
4 years ago

Hi Gavin,

 

Thank you for your response.  This is however a sales invoice I am raising not a purchase.  The other non-ABN Company will be paying us, we aren't paying him.  If we were paying him, then yes, I would have to withhold as you mention which I have done before also too.

 

 

gavin12345's avatar
gavin12345
Ultimate User
4 years ago

Hi Jaydana1 

 

Sorry I missed the Sales Invoice part. There is no provision in MYOB for an ACN as this is not required to be reported.  

 

As long as you don't tick 'Use Customer's Tax Code' (on Selling details tab), you can use N-T or GST etc on the Card - this will be ignored anyway. The Sales invoice will then use the Tax Code you have set for the Sales account being used (generally GST). 

 

If you do tick 'Use Customer's Tax Code' (on Selling details tab) you should GST as leibholdqpbc suggested to ensure MYOB applies GST.

 

So the Customer will see a GST Component on the invoice as is normal, whether they are registered for GST or not. 

 

Regards

Gavin

 

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Level up your skills using MYOB software.

 

Find help guides and technical solutions for all MYOB products here

Explore video tutorials for our software at the MYOB Academy here

 

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.