In MYOB, you have to use different command centre feature if the nature of payment receipt pertain to customer payment of invoices that you have issued or not. To recap, the mode of entering the receipt of payment transaction is described below: Nature of Customer Payment How to Record Payment Option No. 1 How to […]
One of the challenging tasks related to business owners as well as accountants is how to record expenses and income that will accurately or reasonably reflect the results of operations of the business to answer the most common question business owners ask: “Do my business really gain income or incur operating losses?” The best answer […]