Client has sold business. Advise on recording sales income from new owner.

Marisa_D85

Hello. Client has sold his business, the new owner is making several small payments over time. The accountant is aware. How do i record these transactions for the BAS to be processed please? If someone could please advise urgently, it will be greatly appreciated! Many thanks.

Genreve_S

Hi @Marisa_D85, 

 

Good question, the software can handle this pretty simply.

You can record one invoice for the full amount like normal, then record each payment against that same invoice as the new owner pays you. The system will treat them as part‑payments and keep track of what’s still owing.

 

If you’d like to see the click‑by‑click steps, check the “To manually enter a full or part payment” section in this help article:
 https://www.myob.com/au/support/myob-business/sales/receiving-payments?productview=Browser

Regards,
Genreve