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heather1968's avatar
heather1968
User
3 years ago

allocating

hi i am a new business owner and am confused as to what i allocate and tax codes for a number of purchases and spending,such as monthly repayments off an item which is not (stock for purchases cost of sales),refunds to my bank account for stock unavailable after its been paid thanks 

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  • Komal_S's avatar
    Komal_S
    MYOB Moderator
    2 years ago

    Hi heather1968 

     

    Thank you for your post. In this situation, we do recommend speaking to your accountant or financial advisor to set up the tax codes and accounts for various allocations properly. Once you have this information, we can assist with recording the transactions in the software.