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Status New idea
Workspace Reckon One
Categories Banking
Created by Guest
Created on Mar 12, 2018

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Tax codes on bank imports

When importing bank transactions, I would like to be able to choose my VAT/tax code in the same way I can choose my account and contact. Being able to do this quickly will save lots of time when importing many transactions.

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    Jason Hollis
    Reply
    |     Mar 24, 2018

    Hi Dwayne. In AU for example, a business can be registered for GST however still sell items that have no GST eg water, certain groceries etc... That is why tax is set at the item / account level. However there are use cases for your example when selling to exempt organisations and so on. If this is important to you please create a specific idea for that scenario. Regards, Jason. 

  • Guest
    Reply
    |     Mar 24, 2018

    Shouldn't each customer or supplier have a default tax code as part of the contact details, so you can specify whether they are GST registered, exempt etc so that any invoice or bill would default to the usual GST code for that customer or supplier. Non GST registered suppliers and exempt/export customers would therefore default to "none" or zero even if a particular item has a default GST code already.