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Bank Transaction

Anewbee

Hi there

We have paid a business invoice (expense) using our personal bank account and then transferred the exact amount from our business cheque account to our personal bank account. Can I do a Spend Money for this transaction using the invoice details?

Thank you

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Accepted answers

Cloud_Mind

Hi @Anewbee you can also enter through Purchases as well if that is easier and apply the payment back to the bank account.

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Anewbee

Hi @Cloud_Mind

Thank you for your helpful advice! I was just thinking because I have the invoice would it be better to enter it through purchases?

Cloud_Mind

Hi @Anewbee

Yes this is fine to transact via a Spend Money. I recommend attaching a copy of the invoice to the transaction as well in MYOB so you have clear explanation and documentation in your software.