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July 2022
July 2022
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!
July 2022
July 2022
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.