Forum Discussion

Anewbee's avatar
Anewbee
Experienced Cover User
27 days ago
Solved

Personal refund into the business Account

Good Afternoon

We’ve received the bosses personal refund into the business bank account. Just double checking that I record this through Received Money?

Thank you

  • Doreen_P's avatar
    Doreen_P
    27 days ago

    Hey Anewbee,

     

    Yes, you can record the refund through receive money, and it’ll keep everything tidy on the books. Here’s a handy link about recording receive money.

     

    Cheers,

    Doreen

3 Replies

  • Doreen_P's avatar
    Doreen_P
    MYOB Moderator
    27 days ago

    Hey Anewbee,

     

    Yes, you can record the refund through receive money, and it’ll keep everything tidy on the books. Here’s a handy link about recording receive money.

     

    Cheers,

    Doreen

  • DuncanS's avatar
    DuncanS
    Ultimate Partner
    13 days ago

    Anewbee​ Doreen_P​ 

     

    You would setup a Card - ATO Income Tax Refund Name.

     

    Account/Category would depend on whether a Company or Sole Trader. 

     

    Duncan

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