QuickBooks and 'Accounts' Tax Codes

The standard tax codes used in QuickBooks and Solution 6 'Accounts' are set out below:

 

QuickBooks Standard Tax Codes

Code

Rate (%)

Description

Type

ADJ

10

Tax Adjustments

Goods and Services Tax

Sales:

EXP

  0

GST Free Exports

GST Free

FRE

  0

GST Free Supplies

GST Free

GST

10

10% GST Supplies

Goods and Services Tax

INP

  0

Input Taxed Supplies

GST Free

CDG

11.89768

Cellar Door GST

Goods and Services Tax

CDS

18.97679

Cellar Door WET

Sales Tax

CDC

30.87447

Combined Cellar Door

Combined

WET

29

Wine Equalisation Tax

Sales Tax

WGST

12.9

GST on Wine Equalisation Tax

Goods and Services Tax

WC

41.9

Combined WET and WGST

Combined

Purchases:

NCF

  0

Non-Cap. Acq. - GST Free

GST Free

NCG

10

Non-Cap. Acq. - Including GST

Goods and Services Tax

NCI

  0

Non-Cap. Acq. - for making Input Taxed Supplies

Input Taxed

CAF

  0

Cap. Acq. - GST Free

GST Free

CAG

10

Cap. Acq. - including GST

Goods and Services Tax

CAI

  0

Cap. Acq. - for making Input Taxed Supplies

Input Taxed

 

 

'Accounts' Standard Tax Codes

Code

Rate(%)

Description

Sales:

S1

10

Taxable Supplies

S2

  0

Input Taxed Supplies

S3

  0

Export Sales

S4

  0

GST Free Supplies

S5

10

Adjustment - Increase GST supplies

S6

10

Adjustment - Decrease GST supplies

S7

10

Invoiced Supplies where GST on Cash basis

S8

10

Payments against invoiced Supplies where GST on Cash basis

Purchases:

A1

10

Taxable Acquisitions

A2

  0

Acquisitions for making Input Taxed Supplies

A3

  0

Acquisitions - GST Free

A4

  0

Private or non-deductable acquisitions

A5

10

Adjustment - Increase GST acquisitions

A6

10

Adjustment - Decrease GST acquisitions

A7

10

Acquisitions where GST goes to suspense account, GST on Cash basis

A8

10

Payments against suspense account acquisitions, GST on Cash basis