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ATO Tax Refund for Sole Trader
Hello Community, Hope you are all well. Could someone help me with the correct way I should "Receive Money" for a refund my boss received this year? I want to make sure the account it is dis...
Hello JustMichaela
Thank you for your question.
You would use the Banking command centre > Receive Money to enter the refund amount.
If this is a refund from your BAS you will be able to follow this Help Article on Recording your ATO payment or credit which contains a table with examples on how to enter it.
Otherwise, you will need to speak to your financial advisor about the best way to enter it for your business.
