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Lists > Setting up tax codes
Summary of tax types
To create a tax code
1
Go to the Lists menu and choose Tax Codes. A list of tax codes appears.
2
Click New. The Tax Code Information window appears.
3
In the Tax Code field, type a code (up to five characters) for the new tax and press Tab.
For example, you have assigned the GST tax code to your electricity expense account. When you write a cheque to settle your electricity bill in the Spend Money window, and allocate it to this account, the GST tax code will appear in this window by default.
You can allocate a tax code to an account in the Edit Accounts window. To open this window, go to the Accounts command centre, click Accounts List, double-click the required account, and click the Details tab.
To assign tax codes to items
Tax codes are assigned to items in the Buying and Selling tabs of the Item Information window. For more information, see Creating items.
To assign tax codes to cards
Tax codes are assigned to customers in the Selling Details tab of their Card Information window.
Make sure you select the Use Customer’s Tax Code option. (If this is not selected, the customer’s tax code will not be used, even if one has been assigned.)
Make sure you select the Use Supplier’s Tax Code option. (If this option is not selected, the supplier’s tax code will not be used, even if one has been assigned.)

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