Join Elizabeth Haverfield for an in-depth discussion in this video Recording bills to be paid, part of MYOB AccountRight Essential Training.
A service bill needs to be created when goods and services are purchased and the business wants to age them or wait to pay the account until it is due. For example, 30 days from the date of the invoice. Sometimes, we just receive bills. There hasn't been a purchase order raised prior. Carol purchased an accounting services from Cook The Books, so we need to create a service bill for this purchase, as well as add Cook The Books as a supplier into the card file area. From the Purchases Command Center, click onto Inter-Purchases.
Ensure we have a bill, which is a blue screen. Let's type the new supplier Cook the Books and Tab. We're going to Easy Add. When you choose this option, you don't need to type any address details. There is no linkages to the expense accounts, you've purely added to the card to the card list. Ensure that your Layout is Service. You can click onto the Layout button, Services (UNKNOWN). It also says Service up in the top. Our Tax Inclusive tick is turned on and our purchase order number has rolled over to 1002.
The date needs to be the 25th of January and the supplier invoice number is 0101. Tab to the description and type in bookkeeping accounts. Tab across to allocate it to an expense account Accounting Fees. Tab across again and type 300. Now this time, because we haven't linked the account or linked a tax code, we need to go over to the last column and place our GST in.
It's now calculated $27.27 of GST. Let's click on to the Record button. You can now cancel back to the Command Center.
- 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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