Difference between revisions of "14 Chart of Accounts"
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Simon Clive (Talk | contribs) (Created page with "Chart of Accounts Have you assigned all tax codes for your chart of accounts? You can assign tax codes to any account in your chart of accounts. At the very least you shoul...") |
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| − | Chart of Accounts | + | '''Chart of Accounts'''<br> Have you assigned all '''Tax Codes''' for your '''Chart of Accounts? ''' |
| + | You can assign tax codes to any account in your '''Chart of Accounts'''. At the very least you should assign tax codes to all '''Expense''' and '''Income''' accounts as this helps with BAS and VAT reports. | ||
| − | + | *To Assign '''Tax Codes''' select the '''Accounts''' Button | |
| − | + | *Select the'''Accounts List''' Button. For this excercise it is best to have the report in '''Tree Mode''' so that all expense accounts are grouped together and income accounts are grouped together | |
| − | + | *'''Double Click''' on the '''Account''' you want to add a tax code to. | |
| − | + | *Select the '''Tax Code''' from the drop down list and '''Save''' | |
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| − | Select the Accounts List | + | |
| − | accounts are grouped together and income accounts are grouped together | + | |
| − | + | ||
| − | Select the Tax Code from the drop down list | + | |
| − | Save | + | |
Latest revision as of 16:33, 12 August 2011
Chart of Accounts
Have you assigned all Tax Codes for your Chart of Accounts?
You can assign tax codes to any account in your Chart of Accounts. At the very least you should assign tax codes to all Expense and Income accounts as this helps with BAS and VAT reports.
- To Assign Tax Codes select the Accounts Button
- Select theAccounts List Button. For this excercise it is best to have the report in Tree Mode so that all expense accounts are grouped together and income accounts are grouped together
- Double Click on the Account you want to add a tax code to.
- Select the Tax Code from the drop down list and Save
