Join Elizabeth Haverfield for an in-depth discussion in this video Linking accounts, part of MYOB AccountRight Essential Training.
Linking accounts will ensure that transactions are recorded consistently and…in the appropriate account types making entering transactions faster and easier.…An example of this is when sales invoices are…linked to the data, which is an asset account.…When a company file is set up, specific accounts are…automatically linked within the templates to the particular types of transactions.…Let us now view the following…linked accounts for the Accounts, Banking and Sales areas.…To view the accounts in banking, go to…Setup on the menu and down to Linked Accounts.…
Then come across to the Accounts & Banking.…You will notice that the first one Equity accounts for Historical Balancing.…This is an area we choose equity 9999 historical balancing.…You will notice in our next couple…of topics of entering our opening balances, any monies…that have not been allocated will appear in historical balancing.…The bank account for electronic payments…is linked to the electronic clearing account.…And the account for undeposited funds, which is like a holding account, will…
- 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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