Allied_P
11 months agoExperienced Cover User
Provisioning in Balance Sheet
I am wanting to create a few accounts to keep track of liabilities other than Payroll ones (Payroll Tax, Insurance etc).
Essentially these are little "buckets" of money that I want to see in the Current Liabilities of my Balance Sheet.
I understand this is done by creating provision accounts in the balance sheet. However, I am not sure how to actually do it in MYOB Account Right.
I gather I will have to enter new values each month into these provision accounts to increase/decrease their amounts.
Can anyone advise or point me in the righ direction?
Thanks