In BankLink Practice, the GST I.D. setup for your client files can differ depending on which accounting system you're using. The information below helps define the GST I.D's in different accounting systems in New Zealand.
Before you begin
Access the Practice default GST settings in BankLink Practice via System > Practice GST Defaults.
MYOB Accountants Office
The GST I.D's must be I, O, E, Z, or 1,2,3,4 and are defined in this order:
ID
Class Description
GST Type
I
GST Inputs
Expenditure
O
GST Outputs
Income
E
GST Exempt
Exempt
Z
GST Zero Rated
Zero Rated
Any new GST codes which need to be added can be included by having either I,O,E,Z or 1,2,3,4 at the start of the GST I.D.
For example, GST on Customs Invoices could be included with the GST I.D. of IC.
Other Accounting Systems
For any other accounting system this can be laid out with custom GST I.Ds or as follows:
