Hi i took a large loan back in 2022 to pay back rent during Covid era in May 2020 how to enter this loan on MYOB. Do i need to create a loan file under my name and pay the rent with the amount..
Please make contact with your Tax Accountant.
Issues to consider are - type of Business Structure eg Sole Trader or Company
- whos name is the Bank Loan in who has been making the repayment
- has the Covid Rent been entered into MYOB as a expense
Duncan
Hi LadyChristine1,
Thank you DuncanS, for sharing insights. May I know how you go on with this? If you still need assistance please do not hesitate to contact us again. We are happy to help.
Kind regards,
Cel
