Join Elizabeth Haverfield for an in-depth discussion in this video Recording bank charges, part of MYOB AccountRight Essential Training.
In this video, we will revisit…the recurring transactions to record bank charges.…Possibly, several times in a month the check account willing incur bank charges.…This could be for service fees which are…GST-free, or merchant fees which do encourage GST.…Instead of typing a spent money transaction each time,…we can use the recurring function to create a template.…In this example, we'll set…up the recurring payment for a monthly merchant fee of $30,…which is taken from the account on the 1st of the month.…
We will use a check number dd and create a new card for the NAB bank account.…Let's commence by going to Banking > Spend Money.…In the check number field, let's type dd. It refers to direct debit.…Tab to the date, and place in the…1st of the first and Tab. We need to enter 30, and Tab again.…Setting up a new card, NAB Bank, we're going to put merchant fees.…
We want this card specifically for merchant fees, and we're going to link…it to the merchant fees account. So Tab again and now click New.…Tap again, we have got a supply card.…
- 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
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