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JustMichaela's avatar
JustMichaela
Experienced Cover User
3 years ago
Solved

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...
ATO
Refund
sole trader
tax
  • ChrisMYOB's avatar
    ChrisMYOB
    3 years ago

    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.

ChrisMYOB's avatar
ChrisMYOB
Former Staff
3 years ago

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.

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