Tax Code

This field displays for Australian companies (as set up in HQ Company Setup).

Enter a tax code for including bank interest and fees in the appropriate GST amounts. These amounts will be included in GST amounts in HQ BAS Process (GST/PAYG Amounts tab) when this tax code is associated with a BAS reporting item. See Preparing a Business Activity Statement or Annual Return for GST Reporting for more information.

Note: The CM account that you specify in the CM Account field will override the account that you specified for the tax code in the Credit GL Account field (HQ Tax Codes).