Hi There,
I have recently had a fraudulent transaction on one of my business debit cards including an international transaction fee. The transaction is currently under investigation. How do I enter this in MYOB Accountright so I can balance my account for November.
Thank you in advance
Salena Horne
Hi HorneGroup
Thanks for your post. One way to handle this would be to record a Spend money transaction and allocate the amount to the suspense account. This will allow you to reconcile the account without affecting your expense accounts.
If the amount is refunded you'd record a Receive money transaction allocated to the suspense account. If it's not refunded you'd need to journal the amount from the suspense account to the applicable expense accounts.
If you're not sure if this is suitable for your situation I'd recommend checking with your accountant.
Please let me know if you need further help.
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