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Choosing Correct Tax Code in MYOB

While creating new accounts in MYOB it is very important to choose a correct tax code as it can affect the way the transaction is reported in BAS.
Below is a screenshot of the tax rates available in BAS:

Tax Rates in BAS Rayvat Accounting

Bookkeeper needs to understand the meaning of all the tax codes in order to ensure that it is reported correctly into Business Activity statement

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