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Contribution accounts Expand / Collapse
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Posted 23/06/2008 9:23:07 PM
Junior Member

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Group: Forum Members
Last Login: 1/04/2016 10:04:08 PM
Posts: 4, Visits: 141
I am new to MySF and need to record after tax contributions for a member. Can you please clarify whether I should use 4640 Member Contributions - Undeducted or 4648 Member Contributions - Non Concessional and what are the differences between these.
Post #3967
Posted 25/06/2008 6:03:26 PM


MySF Administrator

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Group: Administrators
Last Login: 26/07/2017 11:15:18 PM
Posts: 254, Visits: 1,078
Hello,

The most common account that is used is 4640 Members Contributions - Undeducted but you need to determine from your financial advisor/accountant as to what the status of the transaction is.

Please let us know if you require further assistance.

Best Regards,

MySF
Post #3969
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