Latest topics
ow to properly track FAB Ratibi card balance and salary entries in MYOB?
Hi everyone, I’m a student using MYOB to learn basic bookkeeping, and I also receive my salary through a FAB Ratibi card. I regularly check my Ratibi card balance to manage expenses, but I’m a bit confused about how this should be reflected correctly in MYOB. Since the Ratibi card works differently from a traditional bank account, I’m not sure whether balance checks and incoming salary credits should be recorded as standard bank transactions, payroll income, or another account type. I also want to avoid mismatches between the MYOB balance and the actual Ratibi card balance. If anyone has experience handling FAB Ratibi card salary records in MYOB, I’d really appreciate advice on best practices, account setup, and common mistakes to avoid.
Cash Purchase , Freight for the Purchase
Purchased 425 jeans from Blue Ridge Denim, a premium-quality jeans manufacturer in Italy, paid in cash. Each unit costs $215, excluding GST. In addition to this, $32 (including GST) per unit was paid to Nigel Forwarders for shipping the inventory to Auckland. I want to keep the entries separate so payment can be made to blue ridge and Nigel Forwarder separately. Kindly advice how to post this. In case of cash purchase of Inventory, first passed a bill and on the same day recorded payment. is that correct way . If i do spend money inventory selection and item list selection is not available.
bank feeds deposit that has been refunded
Hi there, We received a payment that was incorrect, so we have refunded the funds back to the agent. However in bank feeds the amount is displayed, waiting to be allocated. The original invoice has been updated so the amount doesn't show anymore. How to go about this? Do i just recreate the incorrect invoice and match it even though the money has been refunded? Thank you
Other Income and Other Expense
Hello I am trying to create a chart of accounts but for other income and other expense I can't set up account type. I click create account, then tick header account account type other income. Next is the parent header select options but when I click the arrow there is no option to chose. Same for expense account. Please advise Connor
Training program for Accountright
just started a training program with a company and they don't supply a version on MYOB account right to use for the study. Does any one know if there is one out there to download onto the computer for free or at least a period of time longer than 14 days? MYOB does a six month one but i thinks its only for the Essential online and i am not game to download it yet until i get to that section, i am learning both version for employment hope there are some suggestions out there JennyOpening balances - new business
Hi all, 24 hours ago I found that entering opening balances into newly created (education trial) businesses for study purposes was working fine. However since late last night, the error appears when trying to enter any sales or expenses opening balances: Opening balances from a previous financial year may not be changed for P&L categories. This error is appearing no matter what the financial year setting is. Is anyone else experiencing this issue? Thanks!Cannot create the correct hierarchy of accounts, need to reset opening balance afterwards
Hello, I am a student working on an assignment. I am trying to set up a hierarchy of accounts as given in the problem statement, but MYOB is not allowing me to change the account type and level of both the sub-header and detail account. Please see the images attached. Once I can correct the hierarchy, I will need to reset the opening balances as well. Kindly help.
Bank Link to the wrong bank account
Not sure if this is the right platform for seeking a solution, however I need help. I have 2 bank accounts, a saving and the transaction accounts, account #1 for the transaction and account #3 for the savings. Since the last reconciliation the accounts has swap, the transaction has linked to #3 and the savings to #1. I have delink and re-link but nothing change. What do I do? Please help.
MYOB Certificate
Hello, I was asked by my employer to study the MYOB certificate. But when I log into MYOB, the certificate is not showing up for me to choose. Only multiple short course available that does not come with a certificate. Can someone advise me what to do here. My employer is MYOB Partners. Thank you
