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DonnaM18's avatar
DonnaM18
Contributing User
2 years ago

Recording vehicle mileage

Last financial year I travelled 5182 km for my little business which equates to $3731.04 (0.72 cents/km claimable).

 

How do I put my this tax deduction into MYOB to ensure it appears in my Profit and Loss? I have used the 'Spend Money' option, is that correct?

 

Thankyou!

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  • ChrisMYOB's avatar
    ChrisMYOB
    Former Staff
    2 years ago

    Hello DonnaM18 

     

    You would use Spend Money for business expenses that aren't a payment to a supplier. With these, you would enter it in and then allocate it to the expense account allocated for the appropriate expense. 

     

    I have attached a Help Article on spend money transactions for further assistance.