MYOB looks uncluttered. Its easy to find and change the list of tax codes and to see how the system works. However, the manual still doesnt offer enough step-by-step instructions.
You ca
MYOB looks uncluttered. Its easy to find and change the list of tax codes and to see how the system works. However, the manual still doesnt offer enough step-by-step instructions.
You can set default tax terms for customers and suppliers. That means that all new people you enter will have GST applied to their transactions. However this doesnt mean that you can change your five-hundred existing customers tax terms to GST all at once. You must go into the five hundred customer detail windows and change them all manually, or export them, change the data, and reimport. The manual doesnt explain how to do this. The same problem exists for inventory. Existing items need to be changed one by one. MYOB handles combination taxes such as Wine Equalisation Tax (WET, what else?).
To hold the balances of GST your business has collected and paid, the manual tells you to create four accounts instead of one, as the other software packages do. I think this is a good idea. If you are trying to find transactions in a list, its easier to look over four smaller lists than one big one. Transactions are separated into what youve collected on sales, adjustments for discounts and returns, what youve paid on purchases, and adjustments for discounts and returns on those.