DuncanS
7 years agoUltimate Partner
ARRefrigeration Trav9999 cmc KattC Lee82 Lee82
When GST started in 2000, the ATO allowed two formats of a Tax Invoice ie
$100 plus $10 GST = $110 or
$110 GST inclusive.
The larger companies tend to use the first format and the smaller companies the second format.
As AR mentioned, in the refrigeration industry, quotes use both methods.
The GST inclusive button has created admin issues for many years even for Accountants.
MYOB is listening and lets hope there is a solution very soon.
Duncan
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