Forum Discussion

MOTIVATED's avatar
MOTIVATED
Experienced Cover User
9 months ago
Solved

ATO Interest no longer claimable

Hello, The ATO has stopped Interest from being claimable as 1st July 2025. Wondering the best way to handle the interest which we would usually DR expense account and credit ATO integrated account ...
  • DuncanS's avatar
    DuncanS
    7 months ago

    MOTIVATED​ Shella_A​ 

     

    I will be setting up a Other Expense Ledger called General Interest Charge ATO Non-Deductible.

     

    Duncan

DuncanS's avatar
DuncanS
Ultimate Partner
7 months ago

MOTIVATED​ Shella_A​ 

 

I will be setting up a Other Expense Ledger called General Interest Charge ATO Non-Deductible.

 

Duncan

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