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yoshu's avatar
yoshu
Trusted User
5 years ago
Solved

Electricity Offset

Hi,   We have received an offset from synergy for $2500. Our bill came to around $483 which has been offset and now the balance on our bill is $2017 in credit. How do I enter this on MYOB? My init...
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  • yoshu's avatar
    yoshu
    5 years ago

    Thanks Alan.

AlanT's avatar
AlanT
Ultimate Partner
5 years ago

Hi yoshu 

 

There are a number of ways that you can handle this and I would highly recommend that you speak with your tax professional to ensure you follow their advise.

 

I would probably create a normal bill for the amount of electricty you have used ($483)  and then do a separate credit note for the small business offset.  Then as each new bill arrives, you can match it against the credit note.  The reason I would do it that way is it is a bit cleared if you are reviewing the transactions later.

 

Regards,

 

AlanT

 

  • yoshu's avatar
    yoshu
    Trusted User
    5 years ago

    Thanks Alan.

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