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MBG's avatar
MBG
Contributing Cover User
1 year ago

Employee loan with tools brought on bunnings accounts

We recently had an employee buy tools on our Bunnings account and he has requested that $150 be taken out of his wage every fortnigh to repay the loan.   Do I still use the wage advances process? (...
advance pay
Doreen_P's avatar
Doreen_P
MYOB Moderator
1 year ago

Hi MBG,

 

For specific advice on handling the Bunnings receipt/invoice and the wage advances process, it would be best to consult with your accountant. They can provide tailored guidance to ensure everything is accounted for correctly. You can also check this link regarding loans and repayments.

 

Best regards,

Doreen

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