We are a small sporting organisation and we have members payfor things on occasion out of there own pocket. How do I reimburse these expenses as credit on to their account so that it can come of their next invoice. or be refunded to them into their bank account.
Hi benniss
Sorry to see that no one has replied to you yet. From an MYOB Business perspective you could create a liability account with the Account type as Credit card for each member.
When a member pays for something record a Spend money or Supplier payment and select that member's liability account as the Pay from account.
To refund an amount back to the member record a Spend money transaction, select the bank account as the Pay from account and allocate to the member's liability account.
To pay an amount off a member's outstanding invoice record an invoice payment and select the member's liability account in the Bank account field.
I would recommend speaking to your account to ensure this is suitable for your organisation.
Please let me know if you need further help.
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