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LynnEH61's avatar
LynnEH61
Member
1 year ago
Solved

Manual Setup of a Novated Lease

I have a client who had a novated lease already in place with a previous employer. He has set up a company and had the novated lease reassigned to his new company by the lessor.   I need instructio...
  • Princess_R's avatar
    Princess_R
    1 year ago

    Hi LynnEH61,

     

    Welcome to the Community Forum!

     

    Yes, you'll need to use Flare to set up a novated lease in MYOB. The novated lease feature is integrated with Flare, so this setup is necessary for everything to work smoothly. For more details, check out this article.

     

    But if you'd like to set up a novated lease manually without using Flare, you'll need to consult with your accountant for more assistance, as it's a bit more complex and requires precise guidance.

     

    Cheers,

    Princess

Princess_R's avatar
Princess_R
MYOB Moderator
1 year ago

Hi LynnEH61,

 

Welcome to the Community Forum!

 

Yes, you'll need to use Flare to set up a novated lease in MYOB. The novated lease feature is integrated with Flare, so this setup is necessary for everything to work smoothly. For more details, check out this article.

 

But if you'd like to set up a novated lease manually without using Flare, you'll need to consult with your accountant for more assistance, as it's a bit more complex and requires precise guidance.

 

Cheers,

Princess

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