Thank you for visiting our Partner Zone. This area is an exclusive space for MYOB Partners. Find out how to Partner with MYOB.
October 2022
October 2022
I run a construction/development company.
Sold a townhouse for $370k, $25k was paid directly to the ATO for GST withholding at settlement.
How do I account for this?
November 2022
November 2022
Hi @BenB
I would recommend speaking to your accounting advisor in regard to the best way to record that transaction for your reporting requirements. I would ensure you can get the accounts, amounts, and tax codes involved in that transaction.
From an MYOB Business point of view, you would typically record large purchases or sales of assets through the Accounting>>Create journal entry window. Our Help Article: General journals has more information on recording these transactions.
1
|
201
|
|||
4
|
567
|
|||
3
|
803
|
|||
1
|
533
|
|||
by
Veronika
February 2022
7
3756
|
7
|
3756
|