Forum Discussion

Larni21's avatar
Larni21
Member
1 year ago

How to record compensation from freight company

I shipped a stock item to a customer. This in turn has been "lost in transit". I don't have another of the items, so the customer is now sourcing from elsewhere. But after some back and forth with th...
Shella_A's avatar
Shella_A
MYOB Moderator
1 year ago

Hi Larni21,

 

To record the compensation from the freight company in MYOB, you might need to create received money and record the amount received from the freight company then link the amount received to your specific freight account. However, it is best to consult your accountant for specific advice on how to accurately record this compensation in your books. Your accountant can offer more tailored guidance based on your financial records and accounting practices.

 

 

Regards,

Shella

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