Thank you for visiting our Partner Zone. This area is an exclusive space for MYOB Partners. Find out how to Partner with MYOB.
August 2022
August 2022
I have a lump sum rental income deposit which is minus the real estate management fee how do i allocate that please
Solved! Go to Solution.
August 2022
August 2022
Hi
I suggest you allocate it in the following way
4-xxxxx rental income account $xxxxxx - this should be gross income amount
6-xxxxx management fees expense account this should be entered as a negative figure
eg rent $600 management fee $50 deposit $550
4-xxxx $600
6-xxxx -$50
tax codes are dependent on whether it is commercial or residential
hope that helps
Lisa
7
|
374
|
|||
16
|
1620
|
|||
3
|
700
|
|||
1
|
622
|
|||
1
|
373
|