Deposit received minus invoice amount how to allocate

[essentialuser1]

Hi,

We provide a service at an offsite facility and pay a room fee to the facility.

The facility collects payment from the client on our behalf and then sends us the total income (for the day) minus the room fee.

How do I allocate this in MYOB essentials?

So I have an invoice for room fee - $220 inc GST

and I generated an income on that day of $480 inc GST

The facility has deposited $260 into my account.

I'm confused on how to allocate these in MYOB

Thank you 

[SamaraM]

Hi @essentialuser1 

I recommend that you consult your accountant or the ATO regarding the best way to record this type of transaction to ensure you are meeting all your tax obligations in your specific situation. 

However, typically in this situation, you would be recording it as a contra payment to ensure the GST is calculated correctly.

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