Income

Question

Hi,

We receive payments which have already had deductions from them for amounts we owe.

How do we treat this difference in amounts in income?

Thank you

Han-Solo · Answer

Hi @Paul29,

Thanks for reaching out 🙂
There are a couple of ways you could tackle this, but a good place to start is by checking out how to create a reimbursement in Solo. That’ll help make sure the amounts line up properly.

Reimbursements: How to Handle Client Reimbursements in Solo by MYOB – A Step-by-Step Guide

And as always, it’s worth checking with your accountant for the best approach for your situation.

Thanks, 
Hannah