Business Administration, Bookkeeping, Compliance News & Tips MYOB Reckon Quickbooks Xero Software Training Small Business

Making Business Books and Accounting Come Alive! MYOB Reckon Xero

MYOB Essentials – Assets and the CAP Tax Code for Capital (asset) Purchases

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At Top of screen click Company Name

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Click GST Settings – and Ensure you have the following (if business is GST Registered) – or set as required

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Click Save at bottom

Create Motor Vehicle Purchase > Banking > Spend Money

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And Save

Looking at Reports > GST detailed report,  the different Tax Code parts should be itemised

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Need help? Not sure? Call for FREE 30min Advice / Strategy session today!

                Call 0407 361 596 Aust and also get FREE “Avoid these GST mistakes” – There’s 18 that the Tax Office see regularly – Get them right!

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Author: Account keeping plus (Business accounting software

Administration, Bookkeeping and Compliance for small business, and Self-Managed Super Funds (SMSF) Training, trouble-shooting, or we can do the books and payroll for you! Self Managed Superannuation Fund Service Provider, Free support 30 min call 0407 361 596 Australia (+61 drop 0 from overseas) MYOB Certified Consultant, Reckon/QuickBooks Professional Partner.

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