Place of supply – Determine whether the transaction has to levy inter or intra tax in mybooks and also based on the GST treatments, GST and IGST tax will load in mybooks. Taxes – In myBooks tax will load based selected on the place of supply. If the home state is selected then GST tax […]
Category: Purchase & Expenses
GST Estimate
Place of supply – Determine whether the transaction has to levy inter or intra tax in mybooks and based on the GST treatments, GST and IGST tax will load in mybooks. Taxes – In myBooks, the tax will load based on the place of supply. If the home state is selected then GST tax will […]
GST Purchase Order
Place of supply – Determine whether the transaction has to levy inter or intra tax in mybooks and based on the GST treatments, GST and IGST tax will load in mybooks. Reverse charge – Reverse charge will only load in purchase transactions. Reverse charge means normally your vendor will pay for the tax which was […]
GST Vendor Credit Note
Place of supply – It defines whether the transaction has to levy inter or intra tax in mybooks and based on the GST treatments, GST and IGST tax will load in mybooks. Reverse charge – Reverse charge will only load in purchase transactions. Reverse charge means normally your vendor will pay for the tax which […]
How to create Purchase Order
The buyer generates the purchase order in order to keep track of purchases. A purchase order document is generated by the buyer and will have a description of the product, product amount, the quantity of the product, and terms associated with the purchase order. How to get there! To create a Purchase order in myBooks […]
How to create Bill
Goods or the services rendered by the provider are often referred to as a supplier or vendors. Having a proper record of bills will help in identifying the paid and unpaid bills. How to get there! To create a Bill in myBooks click on Transactions > Bill > Create bill or click on Create which […]
How to create a Vendor Credit Note
Vendor Credit note is a transaction that reduces the money owed to the vendor for future transactions. When the vendor credit is created amount owed to the vendor will be reduced by the amount of credit issued. How to get there! To create a Vendor credit note in myBooks click on Transactions > Vendor credit […]
GST Customer Credit Notes
Place of supply – Defines, whether the transaction has to levy inter or intra tax in mybooks and based on the GST treatments, GST and IGST tax, will load in mybooks. Taxes – In myBooks, the tax will load based on the place of supply. If the home state is selected then GST tax will […]
GST Expense
Place of supply – Determine, whether the transaction has to levy inter or intra tax in mybooks and based on the GST treatments, GST, and IGST tax, will load in mybooks. Reverse charge – Reverse charge will only load in purchase transactions. Reverse charge means normally your vendor will pay for the tax which was […]