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FJNZ's avatar
FJNZ
Contributing User
5 months ago

Overseas income

Hi There,

 

I recently did a work trip to Australia, where I took $400 cash out from the business account to use incase I needed to use cash overseas.

 

I ended up using none of that cash and then earning about $1400 cash from the work that I did.

 

So now I have to deposit the Australian funds into the business account.  But I'm a little confused how to put it back, in particular to the $400 I took out as there will be a less amount going in as the conversion back to nzd will be less.

 

Hope that makes some sort of sense.

1 Reply

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  • Princess_R's avatar
    Princess_R
    MYOB Moderator
    5 months ago

    Hi FJNZ,

     

    Thank you for reaching out.

     

    As we're not accountants, we're unable to offer specific advice on how to record these transactions. I recommend consulting with your accountant to ensure accuracy in accounting and compliance with any relevant regulations. Nevertheless, we can provide you with some helpful articles that may offer general insights on recording transactions. Feel free to explore the following help articles:

    If there's anything else I can assist you with, feel free to reach out.

     

    Cheers,

    Princess