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...
I do not have many cash basis customers and I've only just discovered this 'as planned' feature after 25 years.
I put one of my new clients wrong by advising her to use the Tax Code on the card, only to discover that it didn't work and she had two years' transactions to change because she wasn't watching what she was doing. (As a note: She was doing back posting to start her new system from scratch, so it wasn't something we didn't pick up while doing the GST.)
I definitely don't want two accounts, one with tax and one without, and I don't want to have to name the card either, as that is also prone to entry error.
A good system works 'by exception' so that only the occasional change has to be made to the default, not every change.
I vote for the foolproof "Use Customer or Supplier GST Code" to pull through the whole system.
Colleen King
aboutBusiness