MYOB Premier allows you flexibility to customise forms and provide you with power saving tools to make this task easy and convenient for you. Take note that it will work out to your best advantage to save first the original form layout before you proceed to edit or customise it so you can revert back […]
When we discuss about settlement of sales credit or credit notes to your customers, we are dealing with those sales credits with amounts that are just part or portion of the sales invoice amount. There are more than one way to settle sales credits to your customers. Settlement may take form in the following: […]
MYOB allows you to create customer credits which represent amounts you owed to your customers. If you have setup the account for which you are going to track and record your customers’ credit transactions, it is not required for you to create an account for this. You may opt to use Sales Returns and Allowances […]
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 […]
MYOB have built-in feature to allow you to record sale even with insufficient inventory available on hand. To do this, you have to set up in the Setup Preferences under the Inventory tab to “Allow the Sale of Items with Insufficient On-Hand Quantities [System-wide]. Take note that recording sales of items with insufficient inventory will […]
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 […]