I am trying to up date a supplier credit which was issue in 2023 with a gst 8% however in 2024 gst is at 9%. I am not able to access the last yr tax code at 8%

I can provide you with an alternative solution to update the GST rate for your supplier's credit, Mandy. We can set a custom tax rate (8%) and add it to the credit note to address your concern. 

With the recent tax changes in Singapore, we're updating our GST rates to ensure we adhere to the new regulations. Thus, the 8% GST is no longer available from the list.

On the other hand, let's create a custom tax rate with the same information stated above. Here's how:

1. Navigate to the Taxes menu on the left panel to open the Tax Center.
2. From there, click the Add tax button to view the various tax rates.
3. In the Add tax window, select Custom tax and fill in the following fields: Tax name, Description, and Tax agency name.
4. Type your entity number in the Business ID no. field.
5. Click the Start of current tax period drop-down and choose the specific month from the list.
6. Select your tax Filing frequency for GST from the drop-down list and choose the Reporting Method (usually it'll be Accrual).
7. Type the rate in the Sales rate box (8%).
8. Tick the box for This tax is applicable on purchases (if applicable).
9. Press the Save button once done.
   
   

I've included some links that cover all the details about the process, including the GST rate update:

• Set up and use GST in QuickBooks Online
• 9% GST rates in QuickBooks Online Singapore
  
  

After setting up the new rate, open the supplier credit and head to the GST column to select the newly added rate (8%).

Review this link for in-depth information on recording a refund or credit: Enter supplier credits and refunds in QuickBooks Online.

You can also use these resources to track all money paid to a supplier for the year and manage outstanding supplier balances:

• Run a report with supplier totals
• Manage outstanding balances for customers and suppliers in QuickBooks Online
  
  

If you have further questions about tax rates or how to handle your supplier and customer transactions, feel free to reach out to the Community. We're here to assist you at any time.