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LadyChristine1's avatar
LadyChristine1
Member
2 years ago

Personal loan taken out to pay debt 2 years ago how to enter on myob

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..
DuncanS's avatar
DuncanS
Ultimate Partner
2 years ago

LadyChristine1 

 

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

 

  • Celia_B's avatar
    Celia_B
    MYOB Staff
    2 years ago

    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

     

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