Entering CDS Charges
How do we enter the Container deposit scheme (CDS) that has been charged to our company? We purchase drinks from suppliers & have noticed they are now charging us this extra fee.
How is this entered Myob?
Can anyone help please
Hi munirahalias
I would suggest following this online Help article to set up the contra deals - Dealing with a supplier who is also a customer.
While in your case the the claim is used to offset the expense, it will still need to be recorded in payment forms via the contra account. The claim payments are refunded from the contra account, then the invoice payments are received into the contra account to return its balance to 0. If the claim is not refunded in full, partial payment can be recorded as well.
It would be best talking to your bookkeeper/accountant for the best way to record these transactions suitable for your business set up. I hope this helps.