GST codes (New Zealand)

https://help.myob.com/wiki/x/OJSRAw

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New Zealand only. For Australia, see Tax codes (Australia).

GST codes are used to track GST paid to or by your business. Each GST code represents a particular type of GST.

You can't create GST codes or delete existing ones.

MYOB has an extensive list of GST codes that can be used in a variety of situations—for example, when doing business with overseas customers, when tracking capital acquisitions, and so on.

To edit a GST code

What you can edit in GST codes

Only users with the Accountant/Bookkeeper or Administrator user roles and permissions can edit GST codes. See Users.

If you change the rate for a GST code, it won't change the rate for existing transactions which used that GST code

If you're accessing an AccountRight company file in the browser, you can also change the Linked contact for tax authority in your AccountRight software.

Go to the Accounting menu and click GST codes to open the GST codes list.
Click the GST code you want to edit.
Make your changes.

You can only enter a maximum of 3 letters in the GST code field.
Click Save to save your changes.

To assign GST codes to accounts

You can assign a GST code to any detail account in your accounts list. The GST code you assign will appear as the default GST code when you post a transaction to this account.

For example, you have assigned the standard code (S15) to your electricity expense account. When you settle your electricity bill in the Spend Money window and allocate it to this account, the standard code will appear in this window by default.

You can allocate a GST code to an account. To open this window, go to the Accounting menu > Chart of accounts, and click account name of the required account.

To assign GST codes to items

When you set up an item, you must assign a GST code to use when selling it. If you use AccountRight Standard, Plus or Premier, you’ll also need to assign a GST code to use when buying the item.

These item GST codes will appear by default when buying and selling your items unless you have specified that the customer or supplier GST code is to be used instead (see below).

You assign GST codes to items in the following tabs of the item:

Buying and Selling section
Profile section.

For more information, see Creating items.

Related topics

Prepare your GST return

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What you can edit in GST codes

To assign GST codes to accounts

To assign GST codes to items

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