Payment from Sales

NadT
2 Posts
User
Australia
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Payment from Sales

Hi there,

 

My boss actually used the cash from the sales period to pay for an kitchen equipment.. With me trying to close the sales month off now, I have an outstanding amount for which she took the cash out of..

 

I do have a cash invoice for the equipment. Just wondering how do I clear the payment off from the sales?

 

Please help!

1 REPLY
MYOB Staff Post RienaP
1,314 Posts
MYOB Staff Post
New Zealand
Accepted Solution Solved Solution

Re: Payment from Sales

Hi @NadT,

 

When you enter the sales amount, I believe you are entering it in your undeposited funds account as the cash in not banked straight away.  When you are balancing your sales you can make Deposit Adjustments from Banking command centre>>Prepare Bank Deposit window. Your adjustment will be for the cash that your boss used for purchasing equipment for cash. I have replicated the scenario below:

 

23-6.png

From Banking Command Centre>>Prepare Bank Deposit>>Deposit Adjustment (bottom left-hand side) 

23-7.png

 Once you have recorded you will see all the deposits waiting to be banked and also a transaction for which you have taken the cash out for.

 

23-8.png

You will notice that your Total Deposit has been reduced.

 

Hope this helps. Let us know how you go as we are happy to help further. 


Regards,
Riena
MYOB Training Specialist
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