Interest Income received from Bank

Question

Hi,

Which tax code in MYOB Accountright - Receive Money do I use for Interest Received from a bank?

Is N-T Not Reportable 0% the correct code?

Thank you.

Earl_HD · Answer

Hi @Kace4321,

Thanks for posting. For this type of query, we recommend confirming the correct treatment with your accountant, as they can provide advice specific to your circumstances. You can also refer to our Tax codes help article for more information.

Regards,
Earl