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MYOB Essentials – Set up to Assets and GST to enter Motor Vehicle Purchase
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Published on Thursday, 26 April 2018 16:36
To enter a Motor Vehicle purchase transaction (straight purchase) you need to set up the Assets and GST and create the transaction. At Top of screen click YOUR Company Name
Click GST Settings LHSide menu, and Ensure you have the following (if business is GST Registered) – or set as required
Click Save at bottom
Back in the Settings from your Company Name at the top - Click the Accounts List (RHSide menu), and ensure there is a Long Term Asset account for Motor Vehicles – better still Create one SPECIFICALLY for that vehicle, with the Rego in the name for ease if identification for your tax agent.
Next - Create Motor Vehicle Purchase > Banking > Spend Money
And Save
Looking at Reports > GST detailed report, the different Tax Code parts should be itemised
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