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We've removed the Define GST accounts option that is used for defining the specific tax accounts in AE/AO and replaced it with Define Tax code.

When you select Define Tax code, the Tax codes window in the online ledger will open for you to set up.

After you've set up the tax codes in the online ledger, you can add journals in AE/AO.

Based on the tax code selected, the tax amount will be automatically calculated and allocated to the tax collected or paid accounts.

When adding a journal:

• TickSelect Apply Tax to post a journal with tax amounts.
• Tax type: Select Collected or Paid for the tax accounts. This is a mandatory field to be able to add the journal.
  • If you've selected Collected, the tax amount will be allocated to the tax code's pre-defined collected account.
  • If you've selected Paid, the tax amount will be allocated to the tax code's pre-defined paid account.
• Tax code & Tax Rate: After you select an account, the tax code and tax rate configured for that account will appear.

• Tax Amount: This is calculated automatically based on the tax rate. 

When you view a journal using the View All or View for Account options, the tax code, tax type, tax rate, and tax amount will display in the original journal transaction. This is useful for tracking purposes.

When viewing a transaction for a posted journal, the tax code and tax amount will display if it is available.

The GST report in the online ledger will be automatically generated when creating a journal.

The report will include tax amounts based on the following:

• For the Balance Sheet accounts, the GST amounts on the reports will show based on the Collected or Paid selections made while posting a journal.
• For the Profit or Loss accounts, depending on the account code the GST amount will show under Sales or Purchase based on if the account is an income account or an expense