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December 2022
December 2022
Prior to the recent MYOB Essentials (Oct 2022) I was able to create a bill for expenses I as the director spent on my credit card on behalf of the business and then offset it with a negative figure against a director's loan account. Since the upgrade I am unable to allocate the bill / expense to the loan account.
How do I allocate a bill to a loan account?
January 2023
January 2023
Hi @Opes
Thanks for your post. Firstly, go to Accounting>>Chart of accounts and make sure the Director loan account has the Account type set as Bank or Credit card.
When you pay for an expense with a personal credit card, enter the Bill transaction as normal allocated to the applicable cost of sale/expense account. When you record the Bill payment transaction select the Director loan account in the Bank account field. If you record a Spend money transaction, select the Director loan account in the Bank account field.
Please let me know if you need further help.
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.
Cheers,
Tracey
Previously @bungy15
MYOB Community Support
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