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Anewbee's avatar
Anewbee
Experienced Cover User
3 months ago
Solved

Personal refund into the business Account

Good Afternoon

We’ve received the bosses personal refund into the business bank account. Just double checking that I record this through Received Money?

Thank you

  • Doreen_P's avatar
    Doreen_P
    3 months ago

    Hey Anewbee,

     

    Yes, you can record the refund through receive money, and it’ll keep everything tidy on the books. Here’s a handy link about recording receive money.

     

    Cheers,

    Doreen

3 Replies

  • Doreen_P's avatar
    Doreen_P
    MYOB Moderator
    3 months ago

    Hey Anewbee,

     

    Yes, you can record the refund through receive money, and it’ll keep everything tidy on the books. Here’s a handy link about recording receive money.

     

    Cheers,

    Doreen

  • DuncanS's avatar
    DuncanS
    Ultimate Partner
    3 months ago

    Anewbee​ Doreen_P​ 

     

    You would setup a Card - ATO Income Tax Refund Name.

     

    Account/Category would depend on whether a Company or Sole Trader. 

     

    Duncan

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