Using tax codes

If your business makes sales and purchases, you're probably very familiar with the concept of including tax on the transactions you conduct with your customers and vendors, and you know how important it is to track these amounts carefully.

To help you keep on top of taxes, MYOB AccountEdge uses tax codes. Each tax code represents a particular rate that is used to calculate tax on your transactions. You'll set up tax codes using the Tax Code List window, which can be found by choosing Tax Codes from the Lists menu.

Working with tax codes

Working with tax types

Multicurrency and tax codes

Step by step

To create tax codes
To change tax codes
To delete tax codes
To change tax amounts for a single transaction