Forum Discussion
- Princess_RMYOB Moderator
Hi Chrisg48,
Thank you for your post. I'd like to extend you a warm welcome to the Community forum. I hope you find it a great source of information.
Whenever you have expenses that aren't linked to a supplier bill you've set up in the Purchases section, you can easily record these outgoings using the "Spend Money" option.
Regarding how to record expenses for personal and business, while we're not qualified to provide financial advice as we're not accountants, I can certainly provide a Help article, General Journal, which may offer insights into apportioning work-related purchases in a business context.
However, it's recommended to consult with your accountant about this.
If there's anything else I can assist you with, please don't hesitate to reach out.
Cheers,
Princess
- DuncanSUltimate Partner
Chris,
By example, lets say a Telephone Bill is $220 and Business Component is $165
GST is claimed on $165 and $55 is posted to Personal.
The Personal Account depends on the Business Structure.
A Sole Trader uses Owners Drawings (an equity account).
A Company uses Loan from Director (a Current Liability).
Duncan
- Chrisg48Contributing User
Thanks Duncan
how do I that? I'm not sure how to do achieve in MyOb business
I get what you are trying to say
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