how to allocate an invoice to sponsorship received?
Hi everyone
I have been asked by a sponsor to create an invoice for them to sponsor me.
To be clear they are going to sponsor me.
How do I allocate the invoice so there is no GST involved?
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Hi Hersmile
Thank you for your post. May I extend a warm welcome to the MYOB Community Forum.
In this case, I would suggest reaching out to an accountant on how to record this type of transaction and choosing the right tax code for it. Here are the Help Articles you can use as a guide when it comes to recording it in the system.
Please feel free to post again. I'm happy to assist further.
If my response has answered your enquiry please click "Accept as Solution" to assist other users in finding this information.
