Join Elizabeth Haverfield for an in-depth discussion in this video Overview of invoicing a service customer, part of MYOB AccountRight Essential Training.
There are three types of sales transactions that can…be entered into MYOB AccountRight software, Quotes, Orders and Invoices.…These transactions are entered through the Sales Command Center.…Before we record any sales transactions, let's understand the different types.…A quote enables us to record estimates of items or services…and a quote does not impact stock levels and can be…converted into an order or invoice. We can use an order to record…items or services ordered by customers but not yet actually sold or completed.…
If the order includes a deposit payment, then…a transaction will appear in the sales journal.…An invoice can be created before or…after the goods or services are actually delivered.…Stock levels on accounts are updated when an invoice is…entered, including the debtor's account.…An open invoice is one that is not yet paid in full.…A closed invoice is one that has been paid in full.…We can choose between five different sales layouts in MYOB AccountRight.…
Service, Item, Professional, Time billing, and Miscellaneous.…
- 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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