If your business has a loan, you could ask your tax accountant to provide you with a schedule for 12 month amortisation schedule, that you could then record in your data file. This will allow you to prudently report your monthly profits.
Tuesday, November 09, 2010
Recording Loan Amortisation in MYOB
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5 comments:
Wise advice Heather. Of course if you were using Calxa for your budgets and cashflow forecasts, the Loan Wizard would give you the schedule in advance so you can easily see if the loan is indeed affordable
awesome blog, do you have twitter or facebook? i will bookmark this page thanks. lina holzbauer
I find I break down nearly all of my annual expenses, such as yellow pages and accounting fees, and put 1/12 into each month, so that when i look at my month to month results I get a more fair and accurate picture of how the business is tracking.
Great section of content material I must say. Well composed and very beneficial, thanks!
You do a fantastic job. Make sure you remain posting. Many thanks
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