Bank Deposits
Hi I have just transferred from Myob Accountright to Myob Business Lite and I am having issues with the following
1 With Accountright when I needed to either deposit cash or cheques I would create an entry Receive Money and select Undeposited Funds (1-1160) as account and all relevant details and click save.
This would transfer funds to Undeposited Funds (1-1160) temporarily and I would then create a Bank Deposit which I would select all the transactions that needed to be deposited and it would transfer funds in one amount (and transaction ) from Undeposited funds to Cheque account.
I understand Business Lite doesn't have this feature and I need to select Transfer Money but when I select Undeposited Funds (1-1160) there is no money there.
What am I doing wrong?