Forum Discussion

rallytone's avatar
rallytone
Experienced Cover User
4 years ago

WA Apprenticeship Employer Incentive Payment processing

Hi   We have just received an Employer Incentive payment for an Apprenticeship Commencement.  How should I process this payment in MYOB?   Regards
  • Tracey_H's avatar
    4 years ago

    Hi rallytone 

     

    Thanks for your post. From an AccountRight perspective you could record a Receive Money transaction. Generally speaking these types of payments are allocated to an Other Income account. However,  I would recommend checking with your accountant about the account and tax code to use to ensure it is reported correctly.

     

    Please let me know if you need further help.

     

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