N-t

221 Results For N-t

N-t

1 - 12 of 221

No tax and GST-free tax codes

…the tax rate is 0%. This support note explains the difference between the No Tax/Not Reportable (N-T) and GST-free (FRE) tax codes, and gives some examples of when they might be used. What does "GST-free…

International purchases and GST

…purchases Create an item purchase and enter the details of your overseas purchase. In this example the N-T (No Tax/Not Reportable) tax code is used to ensure that GST is not payable to the supplier. This transaction…

GST & BASlink - Frequently Asked Questions

…can't I link any tax codes to G2, G3 and G4 on the Calculation Sheet in BASlink? Where do I link the N-T tax code in BASlink? I have accidentally linked the wrong tax code in BASlink. Can I unlink it? How…

Recording transactions where the GST is not 10%

…transactions . GST only - t ax inclusive scenario A Bill for $110 (tax inclusive) was recorded using the N-T Tax Code. It has since been discovered that the GST Tax Code should have been used. To correct this…

Showing accruals as liabilities

…tax code would normally be N-T. Select the liability account for the leave liability and enter the dollar value the accrual as a credit. The tax code would normally be N-T. * For negative balances, select…

Retail Support - Importing Goods from Overseas

…supplier, and setup the goods being imported as stock items. * Make sure you have a tax code for N-T set-up. If it doesn't exist you will need to create one. Refer to your RetailManager User Guide for…

Recording credit card transactions

…Account Name. * (Optional) Click the Details tab and enter an account Description. * Select the N-T Tax Code in the Tax Code field. An example credit card account is shown below. * Click OK to return…

ABN tax code defaults for chart of accounts when choosing to import your own list

…accounts created will default to the ABN tax code. In prior versions of MYOB, it would default to the N-T tax code. How do I change this? * When creating a new company file, at the stage when choosing what…

Deferring GST on imported goods

…below. Task 2 - Record the overseas purchase Enter the details of your overseas purchase. Use the N-T (No Tax/Not Reportable) tax code to ensure that GST is not payable to the supplier. This transaction…

Retail Support - RetailManager Accounting Export Journals Explained - Cash Accounting method

…Creditors (Liability) 110 N-T Returned Goods To reduce the value of inventory and the amount owed to the suppliers: Dr Cr Tax Code 2-1100 Trade Creditors (Liability) 110 N-T 1-1400 Inventory (Asset) 110…

Retail Support - Bad Debts in RetailManager

…transaction reduces the value already entered into the GST account in MYOB, you need a Tax Code called N-T that has a 0% tax rate. This Tax Code denotes the transaction is not reportable on the BAS. If you…

Retail Support - RetailBasics Accounting Export Journals Explained - Cash Accounting method

…inclusive selling price of $220: Acc # Account Name Dr Cr Tax Code 1-1100 Bank Account (Asset) 220 N-T 4-1100 Sales (Income) 220 GST Refunds To record the money paid when a refund has been issued.…

Refine by categories