Forum Discussion

rallytone's avatar
rallytone
Experienced Cover User
3 years ago
Solved

WA Apprenticeship Employer Incentive Payment processing

Hi   We have just received an Employer Incentive payment for an Apprenticeship Commencement.  How should I process this payment in MYOB?   Regards
  • Tracey_H's avatar
    Tracey_H
    3 years ago

    Hi rallytone 

     

    Thanks for your post. From an AccountRight perspective you could record a Receive Money transaction. Generally speaking these types of payments are allocated to an Other Income account. However,  I would recommend checking with your accountant about the account and tax code to use to ensure it is reported correctly.

     

    Please let me know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Tracey_H's avatar
Tracey_H
Former Staff
3 years ago

Hi rallytone 

 

Thanks for your post. From an AccountRight perspective you could record a Receive Money transaction. Generally speaking these types of payments are allocated to an Other Income account. However,  I would recommend checking with your accountant about the account and tax code to use to ensure it is reported correctly.

 

Please let me know if you need further help.

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.