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 […]
In paying your supplier bills for inventory items purchases (those that you have inventoried for tracking purposes), you can use the following options to pay your supplier bills as follows: 1) Pay Bills option under the Purchases main command centre to make the payment. Once your supplier have billed you and you have accordingly entered […]
As mentioned in previous topics, MYOB Purchases feature give you flexibility and power-saving tool thus, designed to enable you to change from one status to another until such time that the final status- which is Bill is completed. The Purchase status as follows: From a purchase quote to an order or bill From an order […]
You can enter or create an order while in the process of entering Receive Items if the items you receive previously have no quote or order previously entered. To do this, you go to the Purchases command centre and choose Enter Purchases. Now, in the Enter Purchases window, choose the status Receive Items and select […]
Normally, suppliers send and deliver your purchased items together with a Bill or Sales Invoice. However, if you have not yet received the Invoice but you have received the items, you need to record the receipt of the items if you keep track of the inventory and when you now need to sell the received […]