redmx
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Joined 15 years ago
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Re: Changes to MYOB AccountRight offline mode
Thanks Mike - like other perpetual license holders I am not happy re the change, but as a financial systems IT geek I understand the drivers. I have downloaded/installed MYOB server edition 2026.3 and opened my PC edition 2026.3 files successfully. Just for clarification; We can keep entering transactions into the server addition (it is not just archival/read only ?) The Server edition will stop updating at 2026.5 (or whatever version is latest as of 17th June 2026). The server edition does not need to confirm data files (or is confirmation still required, and if so will this be supported.) The server edition version will no longer be updated so it is ultimately a tactical solution as technology changes will stop it at some point (unless we keep an old system running just for this). Of the above, it is #1 that is important to me. otherwise I need to consider alternatives such as FGHtables. Nga mihi Alan127Views1like1CommentRe: How do I make journal entry to record interest on bank loan
Apologies - posted b4 I was ready. Loan account Debit $800 Interest Expense Debit $200 Cheque Accounrt Credit $1,000 With a table mortgate the split between repayment on the loan account and interest will change with each payment , so these need editing every payment. I use recurring journals for splitting things such as phone/internet between business/personal as well as receipts where there multiple splits and an invoce was no previously issued.5.2KViews0likes1CommentRe: How do I make journal entry to record interest on bank loan
For splitting payments such as this I often set up a recurring journal , which I can then easily edit if the amounts change. For your scenario the journal would have three lines. If for example the loan payment was for $1,000 , comprising $200 interest and $800 principle (loan repayment) than. Debit Loan Account $8004.6KViews0likes2Comments