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JustMichaela's avatar
JustMichaela
Experienced Cover User
3 years ago

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 dis...
  • ChrisMYOB's avatar
    3 years ago

    Hello JustMichaela 

     

    Thank you for your question. 

    You would use the Banking command centre > Receive Money to enter the refund amount. 

    If this is a refund from your BAS you will be able to follow this Help Article on Recording your ATO payment or credit which contains a table with examples on how to enter it. 

    Otherwise, you will need to speak to your financial advisor about the best way to enter it for your business.