Forum Discussion

Louiseb91's avatar
Louiseb91
6 months ago

Reversal of debit transactions

Hi all,    In my bank transactions, an EFTPOS machine has put 1 pre-authorisation transaction, then secondly reversed the transaction (reversal of debit) and finally the third transaction is for th...
Jemar_C's avatar
Jemar_C
Valued User

Hi Louiseb91,

 

Thanks for your post and I understand that you are using the MYOB Business. Please check this link rather it will show on you may allocate the transactions.

 

Feel free yo write a post if you need further assistance.

 

Cheers,

Jem

Louiseb91's avatar
Louiseb91
5 months ago

Hi Jem, 

 

Thanks again. I do understand the allocation of transactions. How would I treat the debit and credit "reversal" transactions in this instance? For example, in the screenshot I have attached. 

 

Thanks,

Louise 

  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator
    5 months ago

    Hi Louiseb91,

    Thanks for your response. For an accurate answer, I recommend reaching out to an accountant. They will be able to provide detailed guidance on how to treat the debit and credit "reversal" transactions in this instance.


    Regards,
    Earl

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.