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Lottie1's avatar
Lottie1
2 years ago

How do I record rent sale, but expenses outgoing means nothing goes into the bank account - MYOB

Hello, How do I record residential rent income and agent fees,repairs expenses outgoing when they equal each other and I do not get a payment to deposit in bank at end of month.   I would normall...
Princess_R's avatar
Princess_R
MYOB Moderator
2 years ago

Hi Lottie1,

 

Thank you for your post, and welcome to the Community forum. I hope you find it a great source of information.

 

In this situation, if there's no money going to the bank account, then I would suggest recording a journal entry. I would highly recommend speaking with your accountant regarding this matter.

 

Please let me know if you need any further assistance with this. I'd be more than happy to assist.

 

Cheers,

Princess

Lottie1's avatar
Lottie1
2 years ago

Thanks Princess !   Much appreciated

  • Princess_R's avatar
    Princess_R
    MYOB Moderator
    2 years ago

    Hi Lottie1,

     

    You're welcome! It's my pleasure to help you with any queries you have. Please don't hesitate to create a new post if you need help in the future. I'd be delighted to help you.

     

    Cheers,

    Princess

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