tax+codes+for+asset+purchases
David Hill_7987740
Member Posts: 2 ✭
How can I assign a tax code to a fixed asset account? Or, better still, why can't I?
0
Comments
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Hi David
In the tax code drop downs you will CAG - Capital acquisition that includes GST
Cheers
Glynis
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Thanks Glynis - don't I wish. I am using Reckon Hosted and don't have that and there is no provision for tax code in the set up for new asset account. I even tried setting one up as an expense account, applying a tax code and then re-set up as an asset. It kept the tax code in the chart of accounts, but wouldn't default to it on data (bill or chq) input. Slightly frustrating!0
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