Breadcrumbs

Tax rates

Accountants Enterprise with Practice Manager only

Tax Rates are set up, maintained and deleted using the Maintenance > Client/Supplier > Tax Rates page.

 

To set up a tax rate

  1. Select Maintenance > Client/Supplier > Tax Rates on the main menu or Maintenance > Maintenance Map > Client/Supplier > Tax Rates. The Maintenance —Tax Rates page opens displaying a table listing your existing tax rates and a blank row at the top.

  2. Enter a Tax Rate as a percentage in the first blank cell.

  3. Enter a Description of the new tax rate.

  4. Enter a Short Description of the new tax rate.

  5. Enter a description of the tax rate (as it will be displayed on the bill when printed) in the Prnt cell.

  6. Enter the Bookkeeping tax reference for the tax rate in the BK No. cell. The ID No. is generated by the system.

  7. Click the checkbox in the Exclude column if you want to exclude this tax rate from the Exceptions report that is generated when an accounting period is closed.

  8. Press [Enter] to add more tax rates.

  9. To edit any of the above fields, overtype the existing text.

  10. Click OK to save the information and close the Maintenance — Tax Rates page.

To set up MYOB Premier tax rates

  1. Select Maintenance > Client/Supplier > Tax Rates on the main menu or Maintenance > Maintenance Map > Client/Supplier > Tax Rates. The Maintenance —Tax Rates page opens displaying a table listing your existing tax rates and a blank row at the top.

  2. Enter the tax rate percentage in the Tax Rate field. The tax rate must be created here before it can become available on the Client page > Bills tab.

  3. Enter a description of the tax rate, in the Description field.

  4. Enter a short description of the tax rate you are setting up in the Short Description field. This description should match the same description used in MYOB Premier.

  5. Enter a description of the tax rate (as it will be displayed on the bill when printed) in the Prnt cell.

  6. Enter the Bookkeeping tax reference for the tax rate in the BK No. cell. The ID No. is generated by the system.

  7. Click the checkbox in the Exclude column if you want to exclude this tax rate from the Exceptions report that is generated when an accounting period is closed.

  8. Click OK to save the information and close the Maintenance — Tax Rates page.

To delete a tax rate

  1. Select Maintenance > Client/Supplier > Tax Rates on the main menu or Maintenance > Maintenance Map > Client/Supplier > Tax Rates. The Maintenance —Tax Rates page opens.

  2. Select the row containing the tax rate you want to delete. Click row select.png to highlight the entire row.

  3. Press [Delete]. A Confirm Delete message is displayed.

  4. Click Yes. The Tax Rate is deleted.

  5. Click OK to save the changes and close the Maintenance — Tax Rates page.