Forum Discussion

Valy's avatar
Valy
Experienced User
1 year ago

Deduction Payroll Category - Loan to employee

Hello,    We have purchased a Gearwrench to the value of 1700 Ex GST for an employee, this will be deducted from his fortnightly pay. I am in the process of setting up a new payroll category for th...
Doreen_P's avatar
Doreen_P
MYOB Moderator
1 year ago

Hi Valy

 

For specifics on which ATO reporting category to assign and the appropriate account name for the tool purchase transaction, it's best to consult with your accountant or financial advisor. They'll have the expertise to guide you based on your company's specific financial setup and reporting requirements. You can also check this link for more information.

 

Best regards,

Doreen

  • Valy's avatar
    Valy
    Experienced User
    1 year ago

    Hi Doreen,

     

    Thanks for the reply, I will consult with the accountant.

    Kind regards

    Val

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