Forum Discussion

KVACCOUNTS's avatar
KVACCOUNTS
Member
9 months ago

Sale of business

We have recently sold our business, so I have some questions:   How to enter the proceeds into Accountright.  Should they be entered directly to an income account or be split up to income accounts...
Genreve_S's avatar
Genreve_S
MYOB Moderator
9 months ago

Hi KVACCOUNTS, 

 

I think it's best to consult an accountant or financial advisor for your situation. Your case may require a journal entry or passing the income through a clearing account since the income is positive and the loan is negative.

 

Thanks,
Genreve

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.