From the course: MYOB AccountRight Essential Training
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Bank charges and interest - AccountRight Tutorial
From the course: MYOB AccountRight Essential Training
Bank charges and interest
Bank statements usually include either account keeping fees or interest paid into the cheque account. These need to be added into the data file so that the accounts balance with the bank statement. Carol's Cleaning bank statement includes bank fees of $15 and a merchant fee of $30. These payments already appear in the data file, as we entered them earlier in the course when we were learning about recurring transactions. There's our entries in our screen. Let's now learn how to enter the interest of $35.25. We have two options. From the Actions button, within the reconciliation screen, we can go to Bank Entry or we can go to the Command Center at the top of screen then to Banking and over to Spend Money. We will use the Banking Entry feature within the reconciliation screen. But first, we need to create a new account for interest. So let's go to List on the menu bar, and down to Accounts. On the Incoming tab, we need to click New and type 7,000, and tab. Place Interest in the account…
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Contents
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Overview of reconciling cheque accounts1m 34s
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Viewing the cash receipts1m 24s
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Preparing a bank deposit3m 12s
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Matching transactions in MYOB AccountRight against a bank statement3m 32s
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Bank charges and interest2m 10s
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Reconciling the cheque account1m 20s
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Printing the bank reconciliation report1m 19s
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