Saturday, July 7, 2007

MYOB How To: Delete Unnecessary Tax Codes

When you first install MYOB, the program is already set up with several tax codes.

Some of these may not be necessary for your business. You can delete tax codes you do not need and "tidy up" the tax list if this makes data entry a little easier for you.

Here is how to do it:


Select Tax Codes in MYOB

Step 1:
Select the Lists pull own menu from the top of the screen and scroll down to choose Tax Codes.




Step 2:
Click on the detail arrow next to the code you want to delete.
In this example I will be deleting the Luxury Car Tax code.

Step 3:
Now simply select the Edit pull-down menu and click on Delete Tax Code as shown below.

MYOB delete tax code


Click OK to exit the Tax Code Information window and you're done.


HINT: A consolidated tax code is used to group together more than one code.
A consolidated code will be identified in the Type column of the Tax Code List. You will find that a consolidated tax code must be deleted before the individual codes can be deleted.


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The comments provided in this blog are general in nature and not intended to be specific advice. Each situation is different. You should discuss your circumstances with Alan (or another tax agent) to obtain individual advice before acting on any information.