CountBricks: Residential MYOB GST Codes Setup Guide

Understanding MYOB GST Codes for Residential Construction

Accurate GST coding is crucial for maintaining profitability in residential construction. Incorrect MYOB GST codes can lead to discrepancies in progress claims, supplier invoices, and cash-flow forecasts, potentially affecting your bottom line by 10% or more. CountBricks automates this process, embedding correct GST codes into AI-generated estimates and syncing them with MYOB for seamless reconciliation.

Common Challenges in GST Coding

• Manual re-entry of GST codes for numerous material lines after exporting from estimating software
• Conflicting GST rates between purchase orders and subcontractor invoices
• Inconsistent job cost reports due to incorrect 'N-T' (No Tax) lines
• Time-consuming end-of-quarter adjustments with accountants

Automated GST Solutions with CountBricks

CountBricks captures site meeting discussions, converts them into a comprehensive bill of quantities, and applies the correct MYOB GST codes to every material, labor, and subcontract line. This ensures:

• Detailed estimates aligned with current supplier pricing
• GST-accurate purchase orders ready for dispatch
• Balanced GST on progress claims

How CountBricks Works

1. Voice drafts are transcribed by CountBricks AI.
2. Our material library includes pre-mapped GST attributes (e.g., 'GST' for most items, 'N-T' for educational exemptions, 'FRE' for exports).
3. Upon scope confirmation, CountBricks assigns the appropriate MYOB GST codes to each line.
4. On export, the MYOB API receives perfectly formatted coding, job numbers, and cost centers.

Selecting the Right MYOB GST Codes for Residential Projects

• GST (10%): Most labor, new materials, subcontractor work, and design fees.
• N-T (No tax): Insurance recoveries, bond transfers, or owner-supplied items.
• FRE (GST-free): Second-hand materials under margin scheme or exports.
• GST Input Taxed: Residential rent collected while projects are held before sale.

Pro tip: For projects involving both GST-free and taxable work (e.g., a granny flat for a primary residence), CountBricks can split codes at the task level to ensure precise BAS reporting.

Syncing CountBricks with MYOB: A Step-by-Step Guide

1. Open CountBricks Settings > Accounting Integrations and select 'Connect to MYOB'.
2. Authorize access using your MYOB login.
3. Review default code pairs in the GST Mapping screen and adjust any custom codes specific to your accountant.
4. Click 'Save & Sync'. CountBricks will now automatically apply MYOB GST codes to all future estimates.

Time-Saving Benefits for Builders

• No double handling of tax data across spreadsheets
• Instant GST-balanced invoices generated on-site
• BAS lodgement figures prepared in two clicks
• Reduced errors flagged by bookkeepers
• Faster funding approvals from banks reviewing GST accuracy

Common Residential Scenarios and Recommended Codes

Scenario 1: Demolition disposal fees

Typically GST (10%) as tipping fees are taxable. CountBricks automatically tags these.

Scenario 2: Owner-supplied appliances

N-T to avoid GST collection on items outside your supply chain. CountBricks marks these lines 'No Tax' and highlights them in client quotes for transparency.

Scenario 3: Council building application fees

FRE when the authority does not charge GST. CountBricks applies 'FRE' and records the memo for audit trails.

Audit-Ready Records Without the Paperwork

ATO compliance is simplified when every transaction is backed by a digital source. CountBricks stores voice transcripts, estimate revision history, and GST codes on the same record. If audited, export a single ZIP file to complete the process.

Beyond GST Integration

GST coding is just one aspect. CountBricks also:

• Syncs job numbers and cost codes with MYOB job tracking
• Reconciles supplier invoices via PDF extraction
• Pushes payment claims to https://www.countbricks.com/portal for online client payments

Get Started Today

Ready to optimize your MYOB GST codes and enhance your construction workflow? Book a personalized demo at https://www.countbricks.com and see how our AI delivers compliant, profit-driven results in minutes.

Case Study: Achieving GST Accuracy on a 12-Lot Townhouse Project

Riverstone Developments faced challenges reconciling mixed GST treatments for a 12-townhouse project—some lots sold as turnkey homes (GST payable), others retained for rent (input-taxed). Previous software required duplicating estimates to change codes, consuming valuable admin time.

Implementation Strategy

1. We imported their existing MYOB chart and customized the MYOB GST codes within CountBricks.
2. Using voice-to-estimate, the site manager listed every task—from bulk earthworks to landscaping—while on-site. CountBricks applied GST codes in real-time.
3. The finance team utilized the CountBricks Split-Scope tool to tag rental lots 'GST Input Taxed' and sales lots 'GST'.

Results

• 430 line items coded with 100% accuracy in under 15 minutes
• End-of-quarter BAS lodged two days faster with no manual adjustments needed
• $8,700 saved in bookkeeping fees across the project

Key Takeaways for Residential Builders

• Incorporate GST logic into your estimating workflow, not post-factum
• Use separate cost centers for taxable and input-taxed components to maintain clear profit reports
• Keep voice transcripts as supporting evidence—CountBricks stores them automatically

Ready to achieve similar results on your next project? Schedule a GST mapping session at https://www.countbricks.com and let our experts configure your codes for maximum compliance and efficiency.