Forum Discussion

HelloHelen's avatar
HelloHelen
Member
9 months ago

How to allocate a suspense account transaction to a customer invoice

I am new to MYOB community, just hoping someone can give me some advice.  I have put an overpayment from a customer into the suspense account to use at a later date.  They now have sent an invoice an...
Liz_A's avatar
Liz_A
Super User
9 months ago

Hi HelloHelen​ 

I always set up my Suspense Account as a Bank or Credit Card type account so you can use it as you would a bank account. This allows you to make payments, or apply credits, etc. by paying into or out of the Suspense account. You can also reconcile your Suspense account to see that it comes back to nil as entries are cleared.

Cheers

Liz

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