Configure GST and WHT basis

Field Names

Description

Tax

Select "liable for tax"

Tax label

Enter GST for Australia; or VAT for the UK - you can define your unique label

Tax Department

Select ATO or the tax office in your country from drop down list

Tax percentage

10% for Australia; enter percentage relevant for your country

Payments without ABN

Enter the applicable withholding percentage tax rate

Select division which records GST

If you have more than one division, select division which records GST

Client Invoices / Supplier Invoices

Ignore this - this is used for some countries

Registered for Working Holiday Makers

Tick this if you have working holiday makers on your payroll. If your company is unregistered, there are higher tax implications

Accrual or Cash

Select GST basis for your company