Entering RCTI Payments with Levies deducted

[LMG]

We receive RCTIs from a customer which show the amounts that have been deducted for Royalties & Levies. How do I show this negative amount as an expense or a negative amount on a Sale Document

[Steven_M]

Hi @LMG 

When entering an invoice into MYOB Essentials you can enter a negative value and have that be recorded against an expense account if required. For example:

Note:

• With item invoices, you would want the ensure that the No of units value is negative but the unit price is positive. 
• The same principles will apply to purchases.
• The accounts and tax codes selected for your transactions are up to the user. I would recommend checking with your accounting advisor if you are unsure on what accounts should be used.