Join Elizabeth Haverfield for an in-depth discussion in this video Bank charges and interest, part of MYOB AccountRight Essential Training.
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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 name, and click onto the Details tab to nominate…
- Creating a company file
- Setting up tax codes
- Adding accounts
- Creating customer and supplier cards
- Performing a bank reconciliation
- Recording transactions
- Invoicing a customer
- Processing payments
- Entering and paying bills
- Recording cash sales
- Reconciling check accounts
Skill Level Beginner
1. Getting Started with MYOB
2. Working with the Accounts List
3. Adding Cards
4. Entering Historical Balances
5. Performing an Initial Bank Reconciliation
6. Backing Up and Restoring a Company Data File
7. Spending Money from the Cheque Account
8. Invoicing a Service Customer
9. Recording Customer Payments
10. Entering and Paying Bills
11. Receipting Cash Sales
12. Reconciling the Cheque Account
Next steps1m 56s
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