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MYOB Essentials – Assets and the CAP tax code for your Capital Purchases (assets)

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At Top of screen click Company Name

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Click GST Settings and Ensure you have the following (if business is GST Registered) – or set as required

images/GST settings.jpg

Click Save at bottom

Create Motor Vehicle Purchase > Banking > Spend Money

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And Save

Looking at Reports > GST detailed report, the different Tax Code parts should be itemised

images/ME report GST detail.png

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Accounting Software Australia, MYOB, Quickbooks, accounts software, bookkeeping software
Accounting Software Australia, MYOB, Quickbooks, accounts software, bookkeeping software
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