Prepare bank deposits in business lite
How do you prepare a bank deposit in MYOB business Lite ? Apparently the feature doesn't exist!
Forum Discussion
Hi Earl,
That is so disappointing.
Any solutions as to how to receive undeposited funds into our bank account?
We are a small business & still receive both cash & cheques as payments for some invoices.
MYOB seems to assume that everyone pays direct into the bank account!
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
