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Account Setup - Tax Tab
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| Go to Setup from the Upper Tool Bar, choose Accounts, and select the Setup button.
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| Note: Please consult your accountant to ensure you have the appropriate settings for your property.
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| ABN:
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| Enter your properties Australian Business Number
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| Full Tax rate. Divide total charge by:
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| Figure which you divide by to calculate full Tax
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| Concessional Tax reduction (%)
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| Percentage reduction from the Full Tax rate to arrive at the concessional figure.
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| Concessional Tax reduction after:
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| Number of nights a guest must stay before the concessional Tax reduction will take effect.
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| Round Rent Up or Down to the nearest 5 cents:
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| All repeat charges will automatically round to the nearest 5 cents.
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| Show Tax amount separately on each transaction:
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| This option shows the Tax amount in brackets next to each transaction.
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| Accounting Method:
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| Select the Accounting method to apply at your site
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| Cash Accounting:
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| Please consult your accountant.
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| Accrual Accounting:
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| Please consult your accountant.
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| Tax Label:
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| This should be set to GST for Australian properties & VAT for UK properties.
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| Tax Setting:
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| 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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| The CHM file was converted to HTML by chm2web software. |