Recipient Created Tax Invoice

[Nicole_17]

Hi All

Just wondering if others are doing Recipient Created Tax Invoices through MYOB Essentials and if so how?  In other software have been able to adjust a purchase order/bills template to create a RCTI but that doesn't seem to be an option with essentials.  

Current accountant has been doing in Excel and just coding the spend money, just wanted to see what others are doing as I would prefer to keep it all in the software.

Thanks for your help.

[Tracey_H]

Hi @Nicole_17 

Thanks for your post. How you handle RCTI's will depend on which version of Essentials you're using. If it's the original version you can't create a dedicated RCTI, you'd need to record a bill for the supplier and enter RCTI in the notes field. This help article, RCTI, has more information for the original Essentials.

If you're using the upgraded version of Essentials this help article, RCTI, has information on how to record these transactions.

Please let me know if you need further help.

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

[Nicole_17]

Thanks @Tracey_H 

My next question in that, given that we are using the NEW Essentials, is that the RCTI does not seem to contain the footer required by the ATO as per the link on the ATO Website from here:

https://help.myob.com/wiki/display/myob/Recipient+created+tax+invoices?searchfacet=support:help&sear...

My understanding is that the Written Agreement part at the bottom of Nat 73657-05.2017 shoud be included.  Is there a way to customise the template to include this?  Otherwise it seems like I will still need to process this external to MYOB Essentials.

Kind regards

Nicole Beckett

[Tracey_H]

Hi @Nicole_17 

This is what I can find on the ATO website regarding RCTIs:

To be valid, an RCTI must contain sufficient information to clearly determine the requirements of tax invoices and show the document is intended to be a recipient-created tax invoice, not a standard tax invoice.

In addition it must detail the purchaser's identity or ABN.

If GST is payable, it must also show that it's payable by the supplier.

I can't find anywhere that states that footer information has to be included, it might be worth checking with your accountant on that.

This help article, Sales settings, has detailed information on what's available and how to customise your sales templates.

Please let me know if you need further help.

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.