Forum Discussion

FAW's avatar
FAW
Experienced Cover User
6 months ago

RE: Entering Buyers Premium

Hi, we have purchased some machinery from an auction. What expense account would I be best to allocate the buyers premium to? Thank you.

2 Replies

  • Doreen_P's avatar
    Doreen_P
    MYOB Moderator
    6 months ago

    Hey FAW,

     

    We're not sure about this one, but hopefully, someone from the Community Forum can help. Otherwise, it's best to check with your accountant to know which expense account to use.

     

    Cheers,

    Doreen

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