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In MYOB, a Car Insurance renewal (for one year) was recorded on 27/08/2015 and GST was claimed.
But on 04/27/2016, our company sold its car and insurance was refunded by cheque.
How can I enter this refund transaction in MYOB?
Please help me.. we are using AccountRight Premier
Solved! Go to Solution.
I would use Receive Money with the same card, same ledger and same GST coding as the payment.