Forum Discussion

Heathrau's avatar
Heathrau
Experienced User
2 years ago

Suspense Account

Hi,

 

I am just wanting to check if this is the correct way or if you can please help me on how to do this correctly.

 

I have sold assets on the 01.01.23, one for 40k and the other 10k and it has been alocated to the suspense account. CR NT.

 

But i need to move this so that i can correclty get this in my BAS as there will be tax to pay on this as it will be classed as income as i have sold off an asset.

 

Do i manually go in and change the account change the account codes or do i do something different. If i change the account code what do i change this to? Income account ? and Call it income of sold asset?

Or what do i do a journal ?

 

thanks in advance

 

 

 

1 Reply

Sort By
Replies have been turned off for this discussion
  • Princess_R's avatar
    Princess_R
    MYOB Moderator
    2 years ago

    Hi Heathrau 

     

    Thank you for your post . As we are not an Accountant we are not permitted to give advise, on this matter, I would suggest speaking to an Accountant in regards to which accounts you should be recording a transaction to. 

     

    However, I'll give you this Help Article , Recording a Journal entry for further information .

     

    Feel free to post here if you need further help. 

     

    Regards,

    Princess