Forum Discussion

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...

WendyH

Trusted Cover User

2 years ago

With this scenario, you'd be best to use a 'Contra Payment A/c' - that way you can 'receive payment' for the invoice, and 'pay' the bill.

https://help.myob.com/wiki/display/ar/Dealing+with+a+supplier+who+is+also+a+customer#expand-Torecordacontrapayment

Princess_R
MYOB Moderator
2 years ago
Hi Lottie1,

I hope you've had a wonderful day! Please check out the help article provided by our partner, WendyH, which might also address your concern with recording sales and expenses.

I would also like to take this opportunity to thank you, WendyH , for your support and providing information. This is a great help to other users who have the same issue.

Cheers,

Princess

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

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