How do i allocate a withdrwal form our bank account for extra cash for the register float. It used to be $100 but now its $200'
Do I firstly create an "bank" account in the chart of accounts and debit the actual bank account and credit the Till account in MYOB?
Hi Elyse5,
To allocate a withdrawal from your bank account for extra cash for the register float in MYOB, you might need to have a bank account set up in the Chart of Accounts where the withdrawal will come from. Then you might need to record a debit entry to the actual bank account and crediting the till account for the same amount. However, I would highly recommend seeking an advice from your accountant on how to deal with this for more accurate information.
Regards,
Shella
