From the course: MYOB AccountRight Essential Training

Unlock this course with a free trial

Join today to access over 22,400 courses taught by industry experts.

Viewing the setup of tax codes

Viewing the setup of tax codes

In this video, I will demonstrate how to view the text codes available in MYOB account write. Text codes are used when we process transactions such as entering sales invoices, purchase orders, spending and receiving money. In fact, each transaction we enter requires a tax code in order for MYOB Account Right 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 menu on the menu bar. And choose Tax Codes. A list of the default tax codes will appear on screen. MYOB Account Right comes with a standard set of text codes. However, you will need to check that they are linked to the Accounts List correctly, and possibly add other tax codes relevant to your industry or business. A list of commonly used text codes for most businesses can be located on the Australian taxation website under businesses. Lets have a look at one of these text codes, click…

Contents