claim 35% of bill

Question

for the life of me l can't work out how to claim only 35% of bills like rent, power, for my business?

Thanks sam

Earl_HD · Answer

Hi @SamLyden70,

I agree with Liz_A's suggestion. Additionally, When you're entering a journal entry in MYOB and you encounter an "out of balance" error, it typically means that the debits and credits in your journal entry don't match. Each transaction in accounting should have equal debits and credits to maintain balance.

Regards,
Earl

Liz_A · Answer

Hi @SamLyden70

I would just allocate two lines in the bill, being one line for the 35% amount to the expense code and the balance to whatever account you use for drawings/owner contribition - whatever the appropriate account code is.

Cheers

Liz

SamLyden70 · Answer

Thanks for the details explantions I understand allocating the amount but l have no idea where to begin to do that on MYOB a screenshot would be so useful right now

If l open a journal then what do l pick (Purchase/Sale) l debit amount and then credit l get how much l should claim but then it says out of balance? Is the Account Row should l be putting (Rent) then what do l put in (Description) as l run my clinic from home, do l need to create a (Job) arrr if l just saw one example l could get a feel how it should look and work