Mandatory Update for all users of Stock and Accounting of the Internet Fees Update.
Each year, approaching the close of financial year, the Australian Tax Office, and State Government Road Management Authorities release updated tax rates, thresholds registration related fees.
These fees are packaged together by Ultimate Business Systems and are available to our clients via the 'Internet Fees Update' button.
In order to ensure you have the 2022/2023 Financial year values required for sales delivered in the new financial year we will need all clients need to update their systems via the Internet Fees button.
Only one person per dealership are requirement to follow this procedure, this will update the entire system within your dealership.
This can be completed at any time leading up to the new financial year, as the rate are all set with an effective date of 1st July 2022, so don't worry about sales in the current year changing.
To complete this please:
Login to Stock and Accounting;
Click System, then select Internet Fees Update.
The system will run an update to the program as shown below;
Once the update is completed the box will close. This will conclude the update.
If your system is up to date, the following will appear on screen.
This will update the following details for the next financial year;
- State Government Vehicle Transfer Fees
- Luxury Car Tax Rates & Thresholds
- Vic Roads Fees Registration & TAC fees
- Transport and Main Roads Queensland Registration & CTP Fees
These will need to be updated for processing vehicle registration & luxury car tax in the in the 2022/2023 financial year.