Forum Discussion

PulseDP's avatar
PulseDP
8 months ago

Reconcile spending against a liability account?

I have some issues I am trying to work through that have stemmed from inexperience and bad set up but I'm almost there. One of the worst mistakes. I have 2 jobs I run MYOB for my ABN Sole trader Busi...
  • Doreen_P's avatar
    Doreen_P
    7 months ago

    Hi PulseDP,

     

    Thanks for your post, and welcome to the MYOB Community Forum.

     

    Generally, transactions like these are recorded as spending money and receiving transactions to the appropriate expense account. Depending on how the transactions were recorded and how the accounts were created, the process of returning the amount would vary. I recommend speaking with your accountant to make sure these transactions are recorded properly. However, if your issue is that you are receiving certain error messages in the application, you can send us more information, and we'll help as best we can.

     

    Feel free to post again anytime if you require further assistance. 
     
    If my response has answered your inquiry, please click "Accept as Solution" to assist other users in finding this information.

     

    Best regards,

    Doreen

Doreen_P's avatar
Doreen_P
MYOB Moderator
7 months ago

Hi PulseDP,

 

Thanks for your post, and welcome to the MYOB Community Forum.

 

Generally, transactions like these are recorded as spending money and receiving transactions to the appropriate expense account. Depending on how the transactions were recorded and how the accounts were created, the process of returning the amount would vary. I recommend speaking with your accountant to make sure these transactions are recorded properly. However, if your issue is that you are receiving certain error messages in the application, you can send us more information, and we'll help as best we can.

 

Feel free to post again anytime if you require further assistance. 
 
If my response has answered your inquiry, please click "Accept as Solution" to assist other users in finding this information.

 

Best regards,

Doreen

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