ATO Tax Refund for Sole Trader
Hello Community, Hope you are all well. Could someone help me with the correct way I should "Receive Money" for a refund my boss received this year? I want to make sure the account it is distributed to is the right one before I complete my week's reconciliation. So this is slightly time sensitive. I thank you in advance for your time and assistance. P.S. I note we have bold and underline in our Community Forum, however Myob still hasn't put this in the area where we enter invoices...Solved335Views0likes1CommentNewbie Sole Trader - do I create Pay Runs?
Hi there - brand new to running my business (digital sewing patterns sold online) that went from no-future fun hobby to successful trade and my only source of income in the last year. Teaching myself MYOB from the ground up for the past two weeks. I have bank transactions recording my Owners Drawings (allocated to Wages/Salaries Category) but should I also create historical pay runs for myself to prove the money went to me? Can't find any answers from google that don't contradict each other!Solved17Views0likes2Comments