Hi, when I create a new category for accounts, i read online that i can enter the correct tax code when creating or editing. But there is no option and it just auto assigns some tax code.
for example: i created a new category for income. it just assigns N-T and there is no option to change it. Any idea?
Hi mrco191,
I see you're encountering some issues with tax codes while creating a new category for accounts. Don't worry, I'm here to assist. If you're looking to alter tax codes, you'll need to navigate to Business settings >> GST settings, and select 'this business is registered for GST'. This will let you modify the tax codes for the categories you've created. For more details, you might want to check out this Help article: Tax code.
Feel free to post anytime you need further assistance.
If my response has answered your inquiry, please click "Accept as Solution" to help other users find this information.
Cheers,
Princess
Hey Mark, I am not registered for GST so that does not make sense.
What I want to change is the tax code of account categories, like the categories you are choosing when you have a new transaction. let's say i did a service ( photography) and they paid me. or i created a invoice for that purpose. Selecting Sales 1 for example does not make sense as i am not registered for gst and sales 1 as a base of MYOB is under GST category. So i created a new category called Service ( I would like to set it up as GNR) but I cannot change the tax setting for this when creating or editing this category. It just assigns it N-T. The same for other things.I created a new category called software. It should be assigned GST as I am paying GST on it. But i cannot. It automatically assigns it N-T and there is no option to change it.
Hi mrco191,
Thanks for breaking down your use case.
Just a quick heads up: the app only gives you the option to choose tax codes across the board if you've got GST reporting turned on. Otherwise, it just automatically sticks with N-T for all transactions and accounts.
If you think it should work differently, it might be worth tossing it up on the Ideas Exchange board for consideration in future updates.
In the meantime, if you need a hand with anything else, feel free to start up a new thread.
If my response has answered your inquiry, please click "Accept as Solution" to assist other users find this information.
Thanks,
Genreve
Would I potentially get around this issue by temporarily checking that the business is registered for GST, then creating all the categories with my preferred tax setting and then unchecking the gst registration again? or would this cause any problems?
I don't use this particular version, but in other versions, I change the TAX RATE for the Tax Code to 0% for GST, so that once a business does become GST registered, it can be changed back to 10% for processing after the registered GST date.
Cheers
Liz
