Prepare bank deposits in business lite

Question

How do you prepare a bank deposit in MYOB business Lite ?

Apparently the feature doesn't exist!

Earl_HD · Answer

Hi @MadMuddie,

MYOB Essentials/Business doesn't have a Prepare Bank Deposit/undeposited feature. However, you can create a new bank account in MYOB Essentials/Business for easier transaction recording. This allows you to select the specific bank account from the list when you need to record a transaction in the undeposited funds account. To post an amount to the selected account, follow these steps:

* Navigate to Banking>>Receive Money.
* Process the transaction to the designated bank account from the holding account.

Please do let me know how you go on this.
Regards,
Earl

MadMuddie · Answer

Hi Earl

thanks but I'm asking for MYOB business lite not account right

cheers

Earl_HD · Answer

Hi @Baxter1 and @MadMuddie,

Thanks for reaching out and my apologies for the late response.

Thanks for the detailed information. I would recommend visiting this help article that has detailed information about: About undeposited funds

Feel free to post again, we're happy to help.
Regards,
Earl