Which Account do I post ATO Interest or the ATO GIC to?
The following accounts can be used for ATO Payments and receipts
|Payment Type||Account Code||Account Name||Further Help|
|ATO Interest Received||25100 (or 25000)||Interest Received ATO General Interest Charge||How to Enter Interest Received|
|ATO Supervisory Levy||30400||ATO Supervisory Levy|
|Interest Paid - GIC||37700||Interest Paid - ATO General Interest|
|PAYG Instaments / ATO Tax Payments / ATO Tax Refunds||85000||Income Tax Payable/Refundable||PAYG Tax Instalments|