Reimbursements for non-employees
Hi, do I need to load up reimbursements to MYOB, or just allocate them when they appear in the bank transaction feed?
NB I can't upload them as a Pay Item as this requires an "employee". We a...
Forum Discussion
Hi Edunn
Thanks for your post. How you handle these will depend on your specific reporting/audit requirements. From a software perspective you can:
- allocate the bank feed transaction to the applicable expense account
- create liability account(s) for the volunteers>>record the purchase transactions and select the liability account in the Bank account field>>record Transfer money transactions from the bank account to the liability account when you reimburse the volunteers. This will allow you to track what volunteers purchased and when they were reimbursed.
If you're not sure which method suits your requirements I'd recommend checking with the accountant.
Please let me know if you need further help.
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