charliez
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Life Benefit ETP
Hello, I need to record a payrun for an employee who is leaving. According to the ATO, this should be Life Benefit ETP Code O: https://www.ato.gov.au/Rates/Schedule-11---Tax-table-for-employment-termination-payments/?page=7 How do I record this in my MYOB payrun? I don't see Type O as an ATO Reporting Category anywhere. Thanks in advance. Charlie Zeaiter.SolvedRe: Payment of Sales Invoice against a loan account
OK... so here's what I've done. I've changed the Asset Type of the loan account from "Other Asset" to "Bank". I then recorded a payment for the outstanding sale invoices, using this loan account as the "Deposit to Account" ... effectively increasing the loan to the parent company. Seems to work OK. Is there anything I should be aware of?1.9KViews0likes2CommentsPayment of Sales Invoice against a loan account
Hello, We have an Asset account (Account Type: Other Asset) to record the money we have loaned to our parent company. We also have some Sales Invoices to our parent company - but they won't pay them. Instead, they want us to reduce the loan account according as a way of paying these Sale Invoices. How do I do this? Thanks in advance.Solved1.9KViews0likes4Comments