MYOB AE Standing Orders

Experienced Cover User AndersonCA
64 Posts
Experienced Cover User
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MYOB AE Standing Orders

We have now several clients who pay their accounting bills monthly and we raise a invoice each month.

I recently discovered Standing Orders which I was hoping would save me raising these invoices each month and save time but have now discovered that they do not deduct WIP when they are posted each month.

 

Is it possible to have them deduct the WIP as we need to track these clients and if they do not deduct WIP at time of invoicing, what is the actual point of a standing order?

 

Thanks in advance.

Diane Anderson

2 REPLIES
MYOB Moderator MattN
627 Posts
MYOB Moderator
Australia
Accepted Solution Solved Solution

Re: MYOB AE Standing Orders

Hi @AndersonCA

 

Thanks for the question!

 

Standing order will deduct from the WIP - ie: it will make a negative WIP entry.

 

Standing Orders based on Estimates to Complete make a negative WIP entry.

 

See KB 36554 : How do I create a standing order?

 

For info on how to tidy up after the real WIP comes in via a timesheet: 

 

See KB 33646 - How do I apply estimates against WIP generated?


cheers,

Matt
Practice Solutions Product Specialist
MYOB Australia Pty Ltd
Experienced Cover User AndersonCA
64 Posts
Experienced Cover User

Re: MYOB AE Standing Orders

Thanks Matt - I have tested this and it works.

 

Appreciate your help.

 

Diane.

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