Enter TAX Code, yes or no?

gbc2424
gbc2424 Member Posts: 1 Novice Member Novice Member
edited November 13 in Accounts Hosted

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

  • Bruce
    Bruce Member Posts: 447 Professional Partner Professional Partner

    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?

  • Acctd4
    Acctd4 Accredited Partner Posts: 4,216 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    @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:

    Capture.JPG


    Shaz Hughes.png

    Email | Website | Google Reviews | Facebook Reviews

This discussion has been closed.

Categories