Bantubbs
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Joined 8 years ago
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Debt Collection Fees
Good Afternoon, We recently recovered a bad debt through a debt collection agency. How do I enter this in MYOB AccountRight (we received $528.63 with commission $159.91). Clarity would be appreciated!! How do I finalise the invoice to a nil balance please? Thanks in advance.Solved703Views0likes2CommentsRe: Wages paid in advance
Thanks very much Tracey, I really appreciate your help. I'm having trouble getting my head around the dollar figure the employee actually needs to repay. Can I ask you to clarify please: number of advanced hours (25.78) x hourly rate of pay + loading, which becomes the final figure to be repaid? What about the tax I've already paid to the ATO does this figure come into the equation at all (as in do I need to deduct that amount from the final figure??) I just want to ensure I'm attempting to recoup the correct amount. Apologies; this is a tricky one :) (well for me anyway)1.1KViews0likes3CommentsWages paid in advance
Good Morning, In September, I paid an employee Annual Leave and Leave Loading in advance trying to assist during some difficult personal times for him as he has used all his quota of personal/annual leave. This employee then continued to have time off - unpaid leave and then suddently and without warning, we received his resignation, effective immediately. My query is this: how do I recoup the advance wages/leave loading and how do I account for this? Payment in advance was made during the July-Sept quarter and accounted for in STP/BAS. I have asked the employee to repay the funds advanced to him, but haven't had a response as yet. Once/if I receive his repayment, do I reverse his pay for that week and enter a new one. Of the 37.5 hours and loading I paid him, 25.78 were in advance, so if I do a new entry - do I enter only 11.72 hours and will the tax figure balance out. I apologise in advance if this is all a bit confusing. Happy to clarify if and where needed. ThanksSolved1.4KViews0likes7Comments