We are a builder who have a lot of various subcontractors. Most are registered for GST, but there are several who are not. As MYOB doesnt currently pick up the Supplier Card tax code, we have to just...
Hello Dinah,
I agree that where a card is used for a Spend Money or a Receive Money transaction then the Card Default Tax code should be used.
However what i do with clients with the same issue as you is to have 2 incone accounts setup.
one is 4-xx10 named SubContractors (GST) with a tax code of GST
the other 4-xx2 named Subcontractors (NRG) with a tax code NRG.
I always change the MYOB Default GNR code name to NRG Not Registered for GST because most of the time when you hit the "G" key you want GST to appear not GNR which you then have to overtype - extra key strokes are what i like to avoid!!!
when you are doing the Spend Money just select the correct income account code depending on whether they are registered for GST or Not Registered.
Cheers
David