Difference between revisions of "13 NCG For Purchase"
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Simon Clive (Talk | contribs) (Created page with "NCG For Purchases What tax codes are used for purchases? Australian Users of ERP need to account for GST on sales and purchases. It is important to remember that ERP uses diff...") |
Simon Clive (Talk | contribs) |
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| − | NCG For Purchases | + | '''NCG For Purchases''' |
| − | What tax codes are used for | + | What tax codes are used for '''Purchases?''' |
| − | Australian Users of ERP need to account for GST on sales and purchases. | + | Australian Users of ERP need to account for '''GST''' on sales and purchases. It is important to remember that ERP uses different tax codes for '''GST''' on different transaction types. It is critical that you understand which codes to use or your reports for '''BAS''' and other financial reporting will not be accurate. |
| − | uses different tax codes for GST on different transaction types. | + | |
| − | or your reports for BAS and other financial reporting will not be accurate. | + | |
| − | Tax codes for purchases are as follows: | + | '''Tax codes''' for purchases are as follows: |
| − | + | *'''CAF''' Capital Acquisition - GST Free | |
| − | CAF Capital Acquisition - GST Free | + | *'''CAG''' Capital Acquisition - Inc GST |
| − | CAG Capital Acquisition - Inc GST | + | *'''CAI''' Capital Acquisition - for making Input Tax |
| − | CAI Capital Acquisition - for making Input Tax | + | *'''NCF''' Non-Capital Acquisition - GST Free |
| − | NCF Non-Capital Acquisition - GST Free | + | *'''NCG''' Non-Capital Acquisition - Inc GST |
| − | NCG Non-Capital Acquisition - Inc GST | + | *'''NCI''' Non-Capital Acquisition - for making Input Tax |
| − | NCI Non-Capital Acquisition - for making Input Tax | + | |
Latest revision as of 16:14, 12 August 2011
NCG For Purchases
What tax codes are used for Purchases?
Australian Users of ERP need to account for GST on sales and purchases. It is important to remember that ERP uses different tax codes for GST on different transaction types. It is critical that you understand which codes to use or your reports for BAS and other financial reporting will not be accurate.
Tax codes for purchases are as follows:
- CAF Capital Acquisition - GST Free
- CAG Capital Acquisition - Inc GST
- CAI Capital Acquisition - for making Input Tax
- NCF Non-Capital Acquisition - GST Free
- NCG Non-Capital Acquisition - Inc GST
- NCI Non-Capital Acquisition - for making Input Tax
