Foreign Currency Exchange Rate, Losses and Gains in MYOB Premier MYOB Premier is capable of recording foreign currency transactions for the following: Purchases, Pay Bills and Settle Returns and Debits Sales, Receive Payments and Settle Returns and Credits Spend Money, Receive Money, Reconcile Accounts and General Journal Entries You can enter a new exchange rate […]
Setting Up Multiple Currencies in MYOB Premier MYOB Premier is capable of recording transactions in multiple currencies. However, in order for this feature to work properly, you have to complete tasks to enable your MYOB Premier software to work as expected. The following are the steps to complete to make your MYOB Premier ready to […]
How to Build Inventory Items in MYOB Premier MYOB Premier allows you to build inventory items, in case you are buying items and further processing two or more items (components) to make another item, which now become a finished item or finished item. Before you can start building your items, you have to make sure […]
How to Create Inventory Adjustment in MYOB Premier Now that you have learned how to create items and locations, opening inventory quantities and values, our next topic would be to prepare adjustment in MYOB Premier. As part of company’s internal controls, you need to properly monitor inventory movements, from inventory receipts to issuances, transfers to […]
Creating Multiple Inventory Locations and Moving Items Across Locations MYOB Premier provides for default inventory location which is the main inventory location. However, if your inventories are stored and kept in more than one location and you want to keep track of the inventory movements, MYOB Premier enable you to create and setup multiple inventory […]
How to Setup Opening Inventory Quantities and Values Now that you learn how to set up items and create links, you have to setup opening inventory quantities and the related value amounts in MYOB Premier to get all things started and to get in place recording for purchases and sales transactions. To start setup opening […]
Setting up Items in MYOB Premier MYOB Premier enables user to set up Inventory Command Centre. In MYOB, you can set up physical unit of items which the company buy, sell and keep for inventory. Services like delivery, handling, packing charge, crating charges can also be included as items as part of the items for […]