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Save time with file setup: batch edit default tax codes in Chart of Accounts

By Chris Grima

1 min read

One of the most requested features I’ve received from customers during my time with QuickBooks Online is the ability to bulk assign your default tax codes during Chart of Accounts setup. We’re happy to announce this feature is now available to all Australian customers and will be especially useful during End of Financial Year and tax time.

To use this feature simply:

  1. Click on Accounting, then Chart of Accounts.
  2. Tick the Accounts you wish to assign a tax code to.
  3. Click Batch actions, then click Set default GST code.

4. Select the GST Code, then click Apply.

It’s as simple as that!

You can also use this feature to edit existing tax codes if you need to make corrections.

Note: QuickBooks Online won’t allow you to assign an incorrect GST code. For example, an Income GST code can’t be assigned to an Expense account. If you attempt this, the changes won’t apply to those specific accounts.

QuickBooks Online is excited to bring you this feature, which wouldn’t be possible without your feedback. We’re always looking to improve your experience, so please let us know how you feel about the update.

To sign up for a FREE QuickBooks Online trial or purchase the cloud accounting software, visit here.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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