How to enter car insurance refund?

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New Zealand
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How to enter car insurance refund?

Hi there,


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

Ultimate Partner Seattle
1,337 Posts
Ultimate Partner
Accepted Solution Solved Solution

Re: How to enter car insurance refund?



I would use Receive Money with the same card, same ledger and same GST coding as the payment.



Duncan Smith
Business Advice + Tax
Helping business owners build a better business since 1998
E T 02 9904 3672 7 days
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