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rallytone's avatar
rallytone
Experienced Cover User
3 years ago
Solved

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

  • 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.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

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  • 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.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.