How do I process a bank charge refund? I have tried by using Create a Sale Receipt, but I can not choose the correct corresponding tax code of CAI and it is not a INP Code.


  • Acctd4
    Acctd4 Accredited Partner Posts: 3,189 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    Reckon has distinctly separate tax codes for income v expenditure.

    A Sales Receipt is an income form (eg for monies you receive) & therefore only income tax codes can be used eg GST, INP, FRE.

    CAI stands for Capital Asset (purchases) that are Input-Taxed (& I am yet to come across a scenario where this tax code is even needed!)

    TIP: Make all the unnecessary tax codes Inactive. You will then only have the ones you actually need/use in the dropdown.

    The most common income ones are:

    GST (For taxable goods/services if you are GST-registered)

    INP (This is for income that is input-taxed eg has no GST. It is primarily used for financial transactions & residential rent income)

    FRE (This is for goods/services that the ATO have deemed to be GST-FREE eg fresh produce, many medical & education-related income)

    EXP (Only required if you export goods/services internationally)

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner(AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    [email protected]


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