Forum Discussion
TezzaB1
4 days agoExperienced User
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.
- MaryHa4 days agoExperienced User
Thank you so much that makes sense.
Looking for something else?
Search the Community Forum for answers or find your topic and get the conversation started!
Find technical support and help for all MYOB products in our online help centre
Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.