Join Elizabeth Haverfield for an in-depth discussion in this video Preparing a bank deposit, part of MYOB AccountRight Essential Training.
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To prepare a bank deposit function, allows receipts to be transferred from…the undeposited funds account into the regular cheque account as one total.…When the business is doing their banking, this function is used to clear…the undeposited funds account and deposit the funds into the main cheque account.…However, a person will still need to take the deposits…to the bank, physically for the funds to actually be banked.…If different methods of payment are accepted…from customers for goods and services, for…example, credit cards, cheques, and cash, the…prepare bank deposit window makes bank deposits easy.…
Receipts can be grouped into one total according to the payment method.…In the following example, Carol needed to prepare a bank…deposit for $20 only in cash into the NAB cheque account.…From the banking command center, on the right…hand side of the screen, prepare a bank deposit.…Our date needs to be the second of January.…We're pretending that we did go to the bank on the second of January.…Our money is going to be deposited into the NAB cheque account.…
- 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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