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Myob the Guide
MYOB (Mind Your Own Business Guide) Guide
MYOB stands for Mind Your Own Business. With this in mind,[link widoczny dla zalogowanych], MYOB is accounting software designed to meet the needs of people who are ready to do the accounting work on their own with ease. By Following the Guidlines below you will learn how to use MYOb the Easiest and Most efficient way possible.
How to Set Up An Account
The first step is to locate the tab called accounts. Next you will need to choose which of the follow accounts from the account tabs best suits your situation. Decide whether the account is an expense, asset or a liability. Set a number for the new account to place it in the correct position. Make sure that you enter a short description of the account, this will help you when you come back and need to know where to place different items. When your finished and you think everything is ok, go ahead and click the OKAY button.
How to Set Up Customers and Supplier Cards.
In the cards file section, locate the cards list. Select new and choose the type of card,[link widoczny dla zalogowanych], whether a customer or a supplier card. Now if you wish to make a customer card then you will need to type in the name address etc,[link widoczny dla zalogowanych], all the details of the customer so you will be able to send invoices. Always make sure that you include the customers terms in the card. For a supplier, set the expense account you would like to link the customer with.
Setting up items
Now say if you needed to set up a list of items, you will need to select the list menu and click new. Give the Item a name and make sure you give it a number so you can reference it. If you would like to track inventory then you will need to select it in the options menu. Decide the best income and expense codes for the items. Enter the buying and selling prices of the items. For prices inclusive of tax un-tick this option.
Entering a Service Invoice
In the sales tab go to enter sales. Put in the customer's name. Check whether the customer terms are okay, enter the date, purchase order number and so on. Describe the item and choose the correct income account. Enter the Right Amount I have seen allot of people stuff this area up and it's a pain to fix, so make sure this simple task is done correctly. For tax exempted customers enter their prices exclusive of tax. Email or print the invoice after confirming that everything is okay.
Entering an Item Invoice
On the sales tab go to enter sales. Put the customer's name in and check that the customer's terms are okay. Enter the date correctly. Make sure when your filling out the form that you include the purchase order number. Enter the item name, item number and the right quantity of items. Make sure all of the information that you have entered is ok and then email and print the invoice.
Receiving Payments
Upon receiving payments go to sales tab and choose receive payments. Next you will need to choose a bank account to place the money into. Type the customer name, the amount, method of payment and the date of payment.
MYOB Accounting Software
Entering Bills
Once your in the purchase tab enter all of the details in all the boxs and make sure that the details are correct suppliers name etc. Let say you brought a bunch of items but you don't have to pay them until a certain date in the future you can enter all the details and of course including the date and MYOB will remind you. For items bought and payments done instantly locate the banking tab, go to banking register and choose the correct bank account to make the payment. Choose between one of the modes of payment whether business check,[link widoczny dla zalogowanych], credit card or personal check. For check payments enter the correct check number and date. Choose the correct expense account.
Paying your bills with MYOB
Need to go the pay bills and enter the suppliers details and enter the correct date for the payment. Make sure your payment corresponds with the supplier's actual bill.
Accounting SoftwareGEt Your Hands on This Amazing Software Now
MYOB Accounting Software
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