Setting up credit card
New to this whole MYOB program. Do I setup company credit cards as Bank Accounts ? How do I then pay the Credit Card from the company Bank Account ? Thanks, Di.
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Hi RT70
You would commonly set up a credit card as a liability account with the type of account being Credit card in the Chart of accounts.
When the account has been set up like that, you can use the account as the Pay from account on withdrawal-based transactions i.e. spend money or supplier payment transactions.
When you have made a payment on that account to the credit card provider you would be looking at doing a Spend money transaction from the required bank account to the credit cred account.Also, as you are new to the software you might want to check out the self-paced training modules that do have to get acquainted with the software. The best part is that most of the courses are FREE. Check out MYOB Academy for a full range of courses.
