If you are a business owner without any idea or working knowledge on the balance sheet reports, what reports to ask your accountant or bookkeeper for details and when is the time to raise your eyebrows on seeing the accounts and the amounts on balance sheet report. First and foremost, you have to know what […]
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 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 […]