Forum Discussion

Linesman's avatar
Linesman
Experienced User
2 years ago

spend money or create a bill?

I have the choise between creating a bill or adding a spend money transaction. How do I know which to use?

2 Replies

  • pippypip's avatar
    pippypip
    Trusted Cover User
    2 years ago

    I think its a personal choice. Because I spend often on smaller purchases and pay for items at time of purchase, (not on credit) I find doing a spend money transation quicker and smipler. I will occasionally create a bill on a larger purchase partitally if I dont pay for it imminently. eg 30 days. Also by raising a bill, the outstanding amount will show on your dashboard to remind you of the pending payment. Generally, purchase paid for at time of purchase (spend money). Purchase on credit I create a bill.

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    2 years ago

    Hi Linesman

     

    Thanks for bringing your question to the forum!

     

    In addition to what pippypip mentioned, it's worth noting that spend money records payment transactions directly, whereas a created bill will first record a payable transaction, allowing you to create a payment for it later.

     

    If you need further clarification or have any more questions, feel free to ask. We're here to assist!

     

    Thanks,
    Genreve

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