Enter TAX Code, yes or no?
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
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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?
3 -
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 - 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
(NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
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