Lisa67
3 years agoContributing User
Allocating pay with ABN
Can anyone explain where I allocate payments made to workers that are on ABN. They pay their own tax and super. I have made the payments I just need to allocate.
Hi Lisa67
Thanks for your post. Typically, contractors will provide an invoice that is recorded as a supplier bill and allocated to the applicable expense/cost of sales account. If you're not sure which account to allocate these bills to you would need to check with your accountant.
In Bank transactions, you would match the bank feed payment to the supplier bill.
Please let me know if you need further help.
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