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MYOB Essentials

Update tax codes in MYOB Essentials

scfsh
Experienced Cover User

72Posts

582Kudos

0Solutions

72 Posts
Experienced Cover User
Australia

Is the wording incorrect for this? It's supposed to be not taxable but comes up in the transaction listing as GST Free. It should say the correct tax code as FRE and N-T are different in the AccountRight programs and when it comes to lodging the BAS it should be clear.

 

 

Also, I use negative income tax codes in MYOB for contra expenses deducted from sales - it would be useful to be able to add tax codes in essentials.

 

 

2015-02-20_10-49-09.jpg
Current Status: Open
Last Changed: February 2015

Hi @scfsh 

Thank you for your idea in regards to Essentials and that Tax amount column.

GST Free is indicated in that Bank transactions window for GST Free and Not Reportable transactions, this is for transactions where you have set it be 0.00 via a Tax code. This is different to a transaction where you have not set the GST amount and thus displays 0.00. It is used to differentiate those transactions.

I would encourage other users that would like to see the wording changed to correspond to the relevant transaction tax code to vote and if required comment for this idea.

1 Comment
MYOB Moderator Steven_M
29,736 Posts
MYOB Moderator

Hi @scfsh 

Thank you for your idea in regards to Essentials and that Tax amount column.

GST Free is indicated in that Bank transactions window for GST Free and Not Reportable transactions, this is for transactions where you have set it be 0.00 via a Tax code. This is different to a transaction where you have not set the GST amount and thus displays 0.00. It is used to differentiate those transactions.

I would encourage other users that would like to see the wording changed to correspond to the relevant transaction tax code to vote and if required comment for this idea.