Setting Up Non GST Tax Codes TO BE UPDATED Draft

Non BAS Transactions on the Cashbook

Sometimes you will be using the cash book to enter in transactions which are not really related to a GST code. These include Bank Transfers and Personal loans into the company. Depending on the set up of your system, you may be forced to enter in a GST code which is not really appropriate

. Effectively we don't want these transactions showing on our BAS statement.

What can You do to fix this?

You need to create some 'No Code' tax codes in System > Tax Maintenance, and then use those codes in Cash Book. Below a brief description how to create a 'No Code' tax code:

• Go to System > Tax Maintenance

• Select the 'Acquisitions Tab'

• Enter a description (eg. No Code Acqu.) into the 'Description field'

• Enter 0 into the 'Rate' field

• Select the respective GL Account (GL Account MUST be selected)

• Select 'No Code' from the 'BAS Code' drop down field

• Repeat these steps for the remaining 3 tabs (Supplies, Acquisition Adjustments and Supply Adjustments)

• Click 'Ok'

• On the 'BAS Codes Changed' popup screen click 'Ok' again