It can sometimes be difficult to determine the appropriate tax code to use. This article explains the different tax codes for use in bookkeeping, and gives some examples of when they might be used.
GST transactions where claimable by the business
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Figureworks Bookkeeping is a trusted provider of professional bookkeeping services, proudly helping Australian small and medium-sized businesses since 1996. As Xero Certified Advisors, we specialize in tailored bookkeeping services, including BAS & IAS lodgment, payroll management, cash flow strategies, and comprehensive outsourced bookkeeping. Our team is dedicated to accuracy, efficiency, and personalized support—partner with us to keep your finances clear, compliant, and organized.