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IndigoHermawan's avatar
IndigoHermawan
Contributing User
10 months ago

Backpay Processing - FY24 & FY25

Hi,
I need to process two backpays: one for the previous financial year (FY24) and one for the current financial year (FY25).
The FY24 backpay is less than $1,200, which is the minimum lump sum amount required for that period.
Therefore, would it be acceptable to process both backpays as separate transactions within the current FY25?
Thank you,
Indigo

1 Reply

  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator
    10 months ago

    Hi IndigoHermawan,

    With this query, we recommend reaching out to your accountant since we can't give financial advice. You can also visit this help page for more information. Back pay

    Regards,
    Earl