Paying contractors
QuickBooks AustraliaI have contractors that we get do work for us what Tax code do I use to pay their invoice.
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02/08/12 7:17pm PST
Viewed by asker 02/09/12 3:14am PST
Viewed by asker 02/09/12 3:14am PST
1 Reply
shazinoz
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Allstar
Advisory council of community power users.
03/16/12 10:43am PDT
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In QuickBooks, Contractors are Suppliers.
The tax code to use depends on their invoices to you.
If they are GST registered & have supplied their ABN, then you would use NCG. If they are NOT GST-registered (If unsure, you can check at http://www.abr.business.gov.au/Index.aspx ), you can create a new tax code (eg NCN - Non-Capital, Not GST Registered). Alternatively, a simpler option is to use the NCF tax code. The ATO accepts this as the result is the same.
Shaz Hughes
Dip(Fin) ACQ NSW, MAAPB AAT MICB
Registered BAS Agent / Reckon (QuickBooks) Accredited Professional Partner Bookkeeper
Accounted 4 Bookkeeping Services
Dip(Fin) ACQ NSW, MAAPB AAT MICB
Registered BAS Agent / Reckon (QuickBooks) Accredited Professional Partner Bookkeeper
Accounted 4 Bookkeeping Services
