Thank you for visiting our Partner Zone. This area is an exclusive space for MYOB Partners. Find out how to Partner with MYOB.
February 2023
February 2023
I have some small amounts (a few cents to a few dollars) for suppliers and customers that need to be written off. Nothing is actually owing.
Can you please explain how to write these amounts off? I was going to just do an invoice and apply the credit. However, have read different answers online / in books ie layout = miscellaneous, bad debts etc.
Also, should I be using a particular account number / layout etc?
Thanks,
February 2023
February 2023
Hi @Richmond91
Generally speaking, if it's a minor amount i.e. a few cents you do have two options:
You most likely want to speak to your accountant about the accounts, amounts, and tax codes involved in the process. However, Help Article: Customer returns, credits and refunds would be the recommended one to look at to get that process started.
In saying that, to address a couple of your points:
41
|
3099
|
|||
7
|
737
|
|||
4
|
442
|
|||
6
|
591
|
|||
by
KILIQUIDWASTE
September
26
1044
|
26
|
1044
|