Join Elizabeth Haverfield for an in-depth discussion in this video View the setup of tax codes, part of MYOB AccountRight: Reporting Necessities.
In this video, I will demonstrate how to view the…tax codes made available in the MYIB AccountRight data file.…Text codes are used when we process transactions such…as entering sales invoices, purchase orders, spending or receiving money.…In fact, each transaction we enter requires…a tax code in order for MYIB AccountRight…to be able to prepare reports, which will indicate the amount of taxes to pay.…Or could potentially expect to receive from the Australian Taxation Office.…
To view the tax code list, go to the lists on…the menu bar and roll your mouse down to Tax Codes.…This is a default list of codes that's provided by MYOB in templated files.…We will need to check that these codes are linked correctly.…The list could require some new tax codes depending…on your type of business.…A list of the commonly used tax codes for most businesses…can be located on the Australian Taxation website under the Businesses section.…
Let's have a look at one of the tax codes.…Click onto the zoom arrow beside GST.…Here is the Tax code, the name or the description of the…
- Installing MYOB
- Opening an existing data file
- Setting up tax codes
- Setting reporting preferences
- Saving filters and settings
- Editing and deleting customized saved reports
- Reviewing commonly used reports
- Completing a Business Activity Statement (BAS)
Skill Level Appropriate for all
1. Getting Started with MYOB
2. Report Features
3. Commonly Used Reports
4. Completing a Business Activity Statement
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