Join Elizabeth Haverfield for an in-depth discussion in this video Overview of entering and paying bills, part of MYOB AccountRight Essential Training.
There are three types of purchase transactions which can…be created in MYOB AccountRight: Quotes, Purchase Orders, and Bills.…Quotes are estimates that are received from a supplier.…A quote has no impact on inventory levels and can be changed…to an order or a bill when we are ready to buy.…Generally, supplier quotes are not entered into MYOB AccountRight.…The quote provided by the supplier is kept on file…in paper format.…Purchase orders can be created using supplier or quantity order details.…
Purchase orders indicate what is to be supplied.…How much it will cost and any particular details about the order.…If the order includes a deposit payment, then…a transaction will appear in the purchase journal.…Bills result from actual purchases.…They are recorded with…details of the purchase from the supplier invoice, and can be…created before or after the goods or services are actually delivered.…Stock levels and accounts are updated when…a bill is entered, including the datas account.…
An open bill is one that is not yet been paid in…
- 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
Q: Where can I download MYOB software? The link shown in "Installing MYOB onto a Windows or Mac computer" has expired.
A: As of 2/18/2014, you can download the software from http://partners.myob.com/
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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