Forum Discussion

rprimrose's avatar
rprimrose
Contributing User
2 months ago

Reimbursing a business partner

Hi,

 

I have a few reimbursements to complete for a partnership business. Can I got to spend money create a supplier under the partner name and then allocate it under either Employee Reimbursements or Drawings?

Thanks

2 Replies

  • Shella_A's avatar
    Shella_A
    MYOB Moderator
    2 months ago

    Hi rprimrose,

     

    This can be a bit tricky as it depends on how your partnership handles reimbursements and drawings. Best to check with your accountant for the right way to go about it.

     

     

    Regards,

    Shella

  • DuncanS's avatar
    DuncanS
    Ultimate Partner
    16 days ago

    rprimrose​ Shella_A​ 

     

    Lets say a Partner paid $100 to Telstra from a Personal Account (in error) and wants to be reimbursed.

     

    I would use a Spend Money posting to Telephone.

     

    The Partnership would hold the Tax Invoice from Telstra.

     

    Duncan