TezzaB1
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Re: How to Record a Non-Deductible Payment made from Bank account?
MaryHa I suggest you create a separate P&L account for Fines & Penalties to capture it. Use that account for other non-deductible fines & penalties also such as ASIC late fees, parking fines, ato late lodgement penalties etc. Your accountant can then easily exclude everything in that account when preparing the tax return.369Views1like3Comments