MYOB Premier gives you powerful time-saving tool and one of these is its ability to convert a sales quote into an order or invoice. This feature saves you considerable time as compared to having enter another sales order or invoice from a previously entered quote. As discussed in the previous topic, you can convert the […]
Basis for Calculation or Costing Methods in MYOB Premier In MYOB, you have to indicate which cost method would you base the computation for setting the item prices. You have the option to use the Average Cost or the Last Cost of the inventory items that you sell. When the items you sell are purchased […]
MYOB allows you effectively manage your accounts payable by providing you reports that enable you to review your payables status as well as reviewing your purchase information. There are many features and tools that enable you to effectively manage your payables transactions. The following tools and features enable you to do this as follows: To […]
You have learned to record supplier debits and how it affects your MYOB company file in the previous topic. Now, you are going to learn the proper way to record settlement of debits by your supplier. Your supplier may settle the amounts they owe arising from the supplier debits as follows: Payment of settlement cheque […]
MYOB allows you to create supplier debits which represent amounts owed to you by your supplier. If you have setup the account for which you are going to record your suppliers’ debit transactions, there is no need for you to create an account for this. Otherwise, you need to create an account to link when […]