Enter TAX Code, yes or no?

gbc2424gbc2424 Member Posts: 1

Hi, Maria here, I am doing the books for a non for profit organization which is not registered for GST. Regards to to tax codes: What is the neatest or most correct solution: leaving the tax code field blank or entering NCF/FRE ?

Thank you for the answer

Cheers

Maria

Comments

  • BruceBruce Member Posts: 276 ✭✭

    I would be leaving the tax codes blank.

    As an aside, why isn't the non profit registered for GST? If they were they could claim back the GST they pay on any purchases that they make. Yes, a bit of extra work preparing BAS statements but it may be worth the time?

  • Acctd4Acctd4 Accredited Partner Posts: 842 ✭✭✭

    @gbc2424

    Just an FYI ...... You can remove the tax columns from display by indicating the GST status in your Company Preferences:

    Edit (along top toolbar) > Preferences:


    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    Reckon Accredited Partner (AP) Bookkeeper * Regd BAS Agent (No: 92314 015) *

    ICB-Certified Bookkeeper * Seasonal Tax Consultant since 2003

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    0422 886 003

    [email protected]

    https://www.accounted4bs.com/

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