Tag : recording of accruals

MYOB Payables Reports

We have previously discussed about end-of-year procedures which includes checking the payables account and making sure it reconciles with the amounts reported to in the Balance Sheet report. One of the effective ways to make this objective easy to achieve is to be familiar with the built-in reports in MYOB for Purchases.  Like the previous […]

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Recording of Accruals

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 […]

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