Join Elizabeth Haverfield for an in-depth discussion in this video Customer historical balances, part of MYOB AccountRight Essential Training.
In a previous video, we entered the account opening…balances for Carole's Cleaning as they had been working…on a manual book keeping system prior to the…commencement of the MYOB AccountRight data file in January 2013.…To setup the Sales Opening Balances, we need…to enter the historical sales for each customer.…Any outstanding sales made before the conversion month…of January need to be entered into the system…to wait for payment. A total of all the historical sales should…be the same as the amount that we entered into the opening balance of the trade…debtors account, $3,340. For example, Freddy's…Florist spent $250 in December 2012 and still haven't made payment.…
So, we need to create an historical transaction.…Let's go to setup…on the Menu bar and come down to balances and across to the customer balances.…Notice that the out of balance of $3,340.00…at the bottom of the screen is displayed.…We need to make this to 0.…Let's nominate Freddie's Flowers by clicking onto the card.…It now appears in the Customer Detail.…
- 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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