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Guides · 06

Straight answers for scrap yards.

How RCTIs work, paying sellers without cash, what each grade means, and step-by-step help for yards on AltScrap. Written for the people running the counter and the office.

Tax & payments

RCTIs, GST, and paying sellers without cash.

Tax & payments · 9 min read

What is an RCTI? RCTI requirements for Australian scrap metal buyers

What a recipient-created tax invoice is, when a scrap metal buyer can issue one, what the written agreement must say, what the RCTI must show, and why walk-in sellers get a receipt instead.

Tax & payments · 7 min read

Paying scrap sellers without cash: PayID, bank transfer and cheque

Why scrap yards have moved off cash, how PayID, bank transfer and cheque compare for paying sellers, how to get payment details right, and how to record each payment against the purchase.

Materials & grades

What each grade means and how sellers can get a better price.

Materials & grades · 8 min read

Scrap copper grades explained: bright, #2, domestic, insulated wire and more

How Australian scrap yards grade copper — bright wire, #1, #2/burnt, domestic/light, insulated copper wire by recovery, cable, motors and irony copper — and how to prep copper for a better price.

Using AltScrap

Step-by-step help for yards already on the platform.

Using AltScrap · 7 min read

Setting up prices and pricing tiers

How to build your price list in AltScrap: add items, set buying prices by tier, give one store its own prices, load a buyer’s price list, and how the counter picks the price.

Using AltScrap · 7 min read

Syncing purchases to Xero and MYOB

Connect AltScrap to Xero or MYOB, choose the account you pay sellers from, send purchases across as paid supplier bills, bring in MYOB contacts, and fix a sync that failed.

Using AltScrap · 7 min read

Signing up business suppliers for RCTI

How business suppliers sign up for RCTI on your yard’s website, what they fill in, how to approve online and paper applications, checking bank details, and what happens when you buy from them.