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PetaApps's avatar
PetaApps
Member
1 year ago

Home Loan - Claiming office Space

Hi there   how do i make a new account so i can claim a portion of my home loan because i have an office set up in my home?    
Earl_HD's avatar
Earl_HD
MYOB Moderator
1 year ago

Hi PetaApps,

Thanks for your post, and welcome to the Community Forum! In this situation, it's best to consult an accountant for precise guidance. However, here are simplified steps for adding an account in MYOB Business:
 

  1. Go to "Accounting" and select "Chart of accounts."
  2. Click "Create account."
  3. Choose the appropriate account type, like an expense account for home office expenses.
  4. Fill in the account details, including name and number if needed.
  5. Save the new account.
  6. Ensure it's categorized correctly, such as under "Expenses" for home loan claims.
  7. Record related transactions by categorizing them under this account.

Please see this help page for more information: Adding, editing and deleting accounts

 

Feel free to post again, we're happy to help!

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Regards,
Earl

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