Reply
This thread is now archived and closed to new comments.
If you have a question please post a new topic.
User
Luisa
Posts: 3
Registered: ‎05-01-2011
Australia
0 Kudos
Accepted Solution

How to enter reciepts as well as invoices into account plus

Ive just started using MYOB nad want to know if I am looking in the right place.

 

I have reciepts from bunnings and other trade suppliers which have been paid via my personnal cash or bank account and want to know if I am suppost to enter these purchases under purchases  or spend money. I think that spend money would mean that it gets subtracted from the company bank records which is not what I need to happen.

 

Please give some advise of where this gets entered before I make a mess

 

thanks Luisa

Please use plain text.
Ultimate Partner
Clive
Posts: 3,260
Registered: ‎11-01-2007
Australia
0 Kudos

Re: How to enter reciepts as well as invoices into account plus

Hi Luisa,

 

Create a Liability account called Advances from Luisa and make it a Credit Card type of account.  You can enter any of the transactions you describe via Spend Money but make sure the account in the top left of the window is set to Advances from Luisa and allocate the expenses to the appropriate accounts.  This will keep a record of how much is owed to you.

 

Regards

Clive Williams

MYOB Certified Consultant & Accredited Trainer; Ostendo Consulting Partner
Cert IV Financial Services (Bookkeeping); Cert IV Training & Assessment; BAS Agent 92620 006
Providing on-site MYOB support in Sydney, the Blue Mountains and Hawkesbury
Remote support available for MYOB throughout Australia
Mobile: 0418.657.833 AH (02) 4754.4151
email: clive@crwservices.com.au website: www.crwservices.com.au
Please use plain text.
User
Luisa
Posts: 3
Registered: ‎05-01-2011
Australia
0 Kudos

Re: How to enter reciepts as well as invoices into account plus

Hi Clive,

 

Thanks for your reply. I have looked in spend money and it looks like if I enter the reciepts that have already been paid for by my personnal account, that it will then subtract the amount again from the company account.

 

Is this right and just so I can understand fully why would someone use purchases not for this?

Please use plain text.
Ultimate Partner
Clive
Posts: 3,260
Registered: ‎11-01-2007
Australia
0 Kudos

Re: How to enter reciepts as well as invoices into account plus

Hi Luisa,

 

You change the account from the company account to the Advances from Luisa account. 

 

If you are having problems understanding how it all works you may want to get some on-site assistance from a Certified Consultant who can make sure your file is setup properly and can give you some training on what to do.

 

Regards

Clive Williams

MYOB Certified Consultant & Accredited Trainer; Ostendo Consulting Partner
Cert IV Financial Services (Bookkeeping); Cert IV Training & Assessment; BAS Agent 92620 006
Providing on-site MYOB support in Sydney, the Blue Mountains and Hawkesbury
Remote support available for MYOB throughout Australia
Mobile: 0418.657.833 AH (02) 4754.4151
email: clive@crwservices.com.au website: www.crwservices.com.au
Please use plain text.
User
Luisa
Posts: 3
Registered: ‎05-01-2011
Australia
0 Kudos

Re: How to enter reciepts as well as invoices into account plus

Thanks for your help, I can see where you meen to enter this, would the advances account form luisa be an assett?

Please use plain text.
Ultimate Partner
Clive
Posts: 3,260
Registered: ‎11-01-2007
Australia
0 Kudos

Re: How to enter reciepts as well as invoices into account plus

Hi Luisa,

 

Look at my first reply for what to do - it is a Liability account of credit cadrd type.

 

Regards

Clive Williams

MYOB Certified Consultant & Accredited Trainer; Ostendo Consulting Partner
Cert IV Financial Services (Bookkeeping); Cert IV Training & Assessment; BAS Agent 92620 006
Providing on-site MYOB support in Sydney, the Blue Mountains and Hawkesbury
Remote support available for MYOB throughout Australia
Mobile: 0418.657.833 AH (02) 4754.4151
email: clive@crwservices.com.au website: www.crwservices.com.au
Please use plain text.