- KazianPartner
As a tax agent I often use a private GST code especially for sole traders and partnerships. In previous versions of MYOB including business basics it was possible to create a GST Private code which would allocate the GST private portion to owners drawings. Can MYOB create a PRV code in MYOB Essentials that will allocate 10% i.e. the GST of the amount entered with PRV to owners drawings and then the remainder of the amount to an expense account so that three entries aren't required for every expense with a private portion only two?
Hi
Would be good to keep GST on income and GST on expenses seperate or at least to be correct in the GST return in MYOB essentials. Just found an instance were an expense refund was put to sales in the GST return when it really should have been netted off expenses.- KazmarsCover User
I have caravan park / permanent accommodation, the tax on income for the permanent residents is 5% or 50% of the income is taxed at 10% which means you have to do a double entry to get the tax correct. MYOB Essentials doesn't have this tax code, it would be good to have an option to create a new tax code or have this code recognized in the tax code list.
- MDSAgencyCover User
Tax Codes should have a option for "No Tax".
Which tax type shall I classify my Owner Drawings Account Legder?
The Tax Codes options are limited to
S15
Z
E
I
S
- MDSAgencyCover User
We need a Tax Code for Non-Tax transactions
To classify Leadger Accounts as Owner Drawings and GST Payable
- Steven_MFormer StaffStatus added:Open
Thank you for additional comments on this particular idea. We have moved this idea from an old status Clarification Needed to our new status of Open. For more information on Idea Statuses, please read this article: Changes to our Idea Exchange pages
- AlanShCover User
This is open now for nearly 3 years. Any advancement on it.
- MDSAgencyCover User
MYOB could you please do this improvement for us users of MYOB essentials?
Please add the function to add Tax Codes in MYOB Essentials.
- Harvey_LynnCover User
I would like to see a new tax code - CAPF - Capital purchases Free of GST, so that the figures are correctly allocated under G10
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