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Processing a cash back offer

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Processing a cash back offer

How do I process a cash back offer from a supplier promotion?

We received a small cash back offer from our supplier of printing supplies .

These are normally expenses - but there should not be GST associated with a cash back?

How do I process this please?

MYOB Moderator Steven_M
25,645 Posts
MYOB Moderator
New Zealand
MYOB Moderator




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Re: Processing a cash back offer

Hi @JaneBE


Welcome to the MYOB Community Forum, I hope you find it a wealth of knowledge

Generally, with a cashback situation, you would pay for the full product and then at a later stage receive a portion of funds back into the bank account.

The way I would deal with the situation would be:

  1. Record the Purchase as per normal encountering the full expense
  2. Pay the purchase in full via the Pay Bills window as per normal
  3. When the cash is given back to the company you would do a Banking>>Receive Money transaction into the relevant bank account. The Allocation account could be the original expense account or a specific expense account to account for that offer or a perhaps a specialised income account.

I would recommend speaking with an accountant in regards to the tax codes and accounts involved in those transactions.

Kind Regards,
MYOB Client Support
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