I have a client who had a novated lease already in place with a previous employer. He has set up a company and had the novated lease reassigned to his new company by the lessor.
I need instructions for setting up an existing novated lease in MYOB Business. Everything points me to Flare.
Is there a manual setup process instructions I can follow, or do I have to use Flare?
Hi LynnEH61,
Welcome to the Community Forum!
Yes, you'll need to use Flare to set up a novated lease in MYOB. The novated lease feature is integrated with Flare, so this setup is necessary for everything to work smoothly. For more details, check out this article.
But if you'd like to set up a novated lease manually without using Flare, you'll need to consult with your accountant for more assistance, as it's a bit more complex and requires precise guidance.
Cheers,
Princess
