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Lottie1's avatar
Lottie1
Member
2 years ago
Solved

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
    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

  • Princess_R's avatar
    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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