Thank you for visiting our Partner Zone. This area is an exclusive space for MYOB Partners. Find out how to Partner with MYOB.
September 2020
September 2020
We have a coffee machine which we purchase coffee pods for, my director has the same machine at home and has asked if i can order extra when i place my order for the office and then deduct his portion from his pay in payroll.
Therefore i have setup a deduction category name (employee purchase) amount for $100 in payroll which is the cost.
Linked payable account is - Payroll deduction.
Question is do i then do a journal entry from payroll deduction to the expense account the money came out off to zero out the payroll deduction category??
Solved! Go to Solution.
September 2020
September 2020
Hi @Jen65
A journal entry certainly is one way of moving an amount from one account to another. If you were using a deduction to reduce an expense account then yes a journal entry would be the way to go. As to how the journal entry should look, I recommend discussing it with your accountant. They will be able to advise you of how the journal entry should look and which accounts to use
Regards,
Neil
MYOB Community Support
Online Help| Forum Search| my.MYOB| Download Page
Did my answer help?
Mark it as a SolutionHelpful? Leave a to tell others
1
|
281
|
|||
4
|
358
|
|||
7
|
795
|
|||
6
|
1615
|
|||
44
|
2074
|