Partner Zone
Partner Zone

Splitting lines for tax code purposes

This thread is now closed to new comments.
Some of the links provided in this thread may no longer be available or relevant.
If you have a question please start a new post.
Highlighted
MichaelJ57
3 Posts
Cover User
MichaelJ57
Cover User

3Posts

3Kudos

0Solutions

Solved: Go to Solution

Splitting lines for tax code purposes

In the case where you get a sales docket from a supplier ie Coles docket where the

total Sale maybe $100.00 within that $100 there was Items that attract and items that are 

GST Free ie GST items may total $20 =  $18.18 + $1.82 GST and remaining $80 is GST Free.

 

When allocating this sale is it acceptable to use one line 

ie the amount of $100, account type is purchases, GST Code is GST and GST amout is $1.82 or 

do you have to break it up into 2 lines 

- Line one is $80, purchases, GST  Code - GST Free - $0

- Line 2 is @$20, purchases, GST Code - GST - $1.82

 

Mike

2 REPLIES 2
MYOB Moderator Steven_M
31,099 Posts
MYOB Moderator
New Zealand
Steven_M
MYOB Moderator

31099Posts

3931Kudos

4528Solutions

Accepted Solution Solved Solution

Re: Splitting lines for tax code purposes

Hi @MichaelJ57

 

Welcome to the MYOB Community Forum, I hope you find it a wealth of knowledge


When you add a line to a transaction with MYOB Essentials you will need to select a tax code for that particular line. This would be applied for the full line. For example, if you enter the line as $100 and have it set to be GST, the full $100 will be involved in the GST calculation so $9.09 GST will be calculated.

 

If separate components do need to have different tax codes i.e. $20 is GST and $80 is GST Free, you would need to have separate lines on the transactions and have them split by the tax code. For example:

 

Attachment.PNG

Kind regards,
Steven

MYOB Community Support

Online Help| Forum Search| my.MYOB| Download Page

Did my answer help?

Mark it as a SolutionHelpful? Leave a to tell others

MichaelJ57
3 Posts
Cover User
MichaelJ57
Cover User

3Posts

3Kudos

0Solutions

Re: Splitting lines for tax code purposes

Thanks Steven

Didn't find your answer here?
Try using advanced search to find a post more easily Advanced Search
or
Get the conversation started and make a new post Start a Post