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Elyse5's avatar
Elyse5
28 days ago

Adding to the Float for the register

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?

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  • Shella_A's avatar
    Shella_A
    MYOB Moderator
    27 days ago
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    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

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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'

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Adding to the Float for the register","moderationData":{"__ref":"ModerationData:moderation_data:890073"},"body":"

Hi Elyse5,

\n

 

\n

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.

\n

 

\n

 

\n

Regards,

\n

Shella

","body@stripHtml({\"removeProcessingText\":false,\"removeSpoilerMarkup\":false,\"removeTocMarkup\":false,\"truncateLength\":200})@stringLength":"208","kudosSumWeight":0,"repliesCount":0,"postTime":"2025-03-10T17:49:47.167+11:00","lastPublishTime":"2025-03-10T17:49:47.167+11:00","metrics":{"__typename":"MessageMetrics","views":8},"visibilityScope":"PUBLIC","placeholder":false,"originalMessageForPlaceholder":null,"isEscalated":null,"solution":false,"entityType":"FORUM_REPLY","eventPath":"category:Business/category:Support/community:myobboard:Bus-Banking/message:890038/message:890073","replies":{"__typename":"MessageConnection","pageInfo":{"__typename":"PageInfo","hasNextPage":false,"endCursor":null,"hasPreviousPage":false,"startCursor":null},"edges":[]},"customFields":[],"attachments":{"__typename":"AttachmentConnection","edges":[],"pageInfo":{"__typename":"PageInfo","hasNextPage":false,"endCursor":null,"hasPreviousPage":false,"startCursor":null}},"readOnly":false,"editFrozen":false,"body@stringLength":"843","rawBody":"

Hi ,

\n

 

\n

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.

\n

 

\n

 

\n

Regards,

\n

Shella

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