I am just looking at the trial version and trying to set up my accounts. In the expenses list, many items don't allow GST as the tax code, but only NCG. I want to use GST or FRE or NT as per my accountant's requirements. How do I do this and why aren't these options available?
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80 Points
Posted 1 year ago
Rav, Community Manager
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55,470 Points
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3,110 Points
Reckon is not like the MYOB product, where it uses the one code for income and expenses.
Reckon uses
GST for income
FRE for GST Free income
NCG for Expenses that have GST.
NCF for Expenses that are GSt Free
CAG for Capital purchase that have GST.
CAF for Capital purchase that have GST Free.
You need to use the appropriate code in Reckon.
Reckon uses
GST for income
FRE for GST Free income
NCG for Expenses that have GST.
NCF for Expenses that are GSt Free
CAG for Capital purchase that have GST.
CAF for Capital purchase that have GST Free.
You need to use the appropriate code in Reckon.
Thank you Adrian, you've saved me a lot of time and headache!!
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80 Points
Kevin Russell, Accredited Partner
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37,062 Points
