If you are using MYOB application to manage accounts of your organization, the very first requirement is to set up the tax codes that you can use to set up different accounts.
Here is a complete description that explains:
- How to add a toll regulation?
- How to delete an excise regulation?
- How to modify an existing code?
How to add a tax code?
Open your application and go to toll regulation list from the menu bar and go to toll codes.
Now a toll regulation list window will open that gives you an opportunity to add, delete or modify an existing regulation.
In order to add a toll code, you need to click on “New” icon in this window which next opens an excise code information window.
Here you can enter a three characters regulation, you can enter a description if you want or an excise type to reveal those fields, and press “Tab” on your keyboard then you will get the following:
Type a description in the tax regulation.
- select a toll type.
- Enter excise rate for that tax.
- Select a linked account for which excise is collected.
- Select a linked account for which excise is paid.
- Select a linked card for tax authority if you have set up a card for an absolute taxation.
Now check you have entered the correct information and then click ok to save the changes you have made.
How to delete a tax code?
Now go to excise code list and choose a code you wish to delete by clicking on it and then select edit and then delete excise regulation.
In case, you are not able to delete a toll code then you need to delete a consolidated toll code and then you’ll be able to delete individual toll code.
How to modify an existing tax code?
If you wish to modify an existing code from this list then you need to highlight a particular code from the list and then click edit. Now you have to double click on a tax code and then enter the changes you want to make and click “Ok” to save the desired changes.
If you have some more questions regarding its accessibility then converse with an expert by dialing MYOB Accounting support number 048879113.