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CUSTOMER DEBT AND CREDIT

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CARLEEN
Contributing Cover User
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Contributing Cover User
Australia
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CUSTOMER DEBT AND CREDIT

I have a customer who we are hiring some machinery off so we owe him money ,  he has got fuel off

us so owes us money too.  I want to deduct the money he owes us from the money we owe him but

I'm not sure how to process this in Myob Accountrite 2019.2  he needs an invoice for tax purposes

so how do I process??

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GDay53
Ultimate Partner
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Ultimate Partner
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Re: CUSTOMER DEBT AND CREDIT

@CARLEEN 

 

Welcome to the MYOB Community Forum, I hope you find plenty of useful information.

 

The best way for you to do this is to create a Contra Account either in Assets or Liabilities, and make sure it is either a bank or credit card type acct.

You would then just use this account to pay bills and receive money fom the client.

This will leave a balance either you owe them or they owe you.

 

If my response to your query and has helped, please mark my post as a solution to help others in the future.
Graeme Day
Registered BAS Agent #24745540
Gralord Enterprises Pty Ltd
Mobile: 0402 841 627
graemeday@optusnet.com.au
MYOB Certified Consultant
MYOB Diamond Partner

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