Account Setup - Tax Tab
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Video tutorial (requires broadband Internet connection) - Account TAX Setup

Go to Setup from the Upper Tool Bar, choose Accounts, and select the Setup button.  
   
GSTTab  
 
Note: Please consult your accountant to ensure you have the appropriate settings for your property.  
 
ABN:  
Enter your properties Australian Business Number  
 
Full Tax rate. Divide total charge by:  
Figure which you divide by to calculate full Tax  
 
Concessional Tax reduction (%)  
Percentage reduction from the Full Tax rate to arrive at the concessional figure.  
 
Concessional Tax reduction after:  
Number of nights a guest must stay before the concessional Tax reduction will take effect.  
 
Round Rent Up or Down to the nearest 5 cents:  
All repeat charges will automatically round to the nearest 5 cents.  
   
Show Tax amount separately on each transaction:  
This option shows the Tax amount in brackets next to each transaction.  
   
Accounting Method:  
Select the Accounting method to apply at your site  
 
Cash Accounting:  
Please consult your accountant.  
 
Accrual Accounting:  
Please consult your accountant.  
 
Tax Label:  
This should be set to GST for Australian properties & VAT for UK properties.  
   
Tax Setting:  
RMS supports all variants permitted by the Goods and Services Tax legislation. Select the option applicable to your site. RMS cannot provide advice on Tax matters. Please consult your accountant.  
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