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Personal refund into the business Account

Anewbee

Good Afternoon

We’ve received the bosses personal refund into the business bank account. Just double checking that I record this through Received Money?

Thank you

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Accepted answers

Doreen_P

Hey @Anewbee,

Yes, you can record the refund through receive money, and it’ll keep everything tidy on the books. Here’s a handy link about recording receive money.

Cheers,

Doreen

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DuncanS

@Anewbee @Doreen_P

You would setup a Card - ATO Income Tax Refund Name.

Account/Category would depend on whether a Company or Sole Trader.

Duncan