Enter TAX Code, yes or no?

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gbc2424
gbc2424 Member Posts: 1 ✭
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

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  • Bruce
    Bruce Member Posts: 441 Professional Partner Professional Partner
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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?

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,424 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    @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 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

    shaz@accounted4.com.au

    https://accounted4.com.au

    (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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