Hi everyone, in the old Account Right I could send a customer a quote - they paid a deposit and I'd turn the quote into a Sales Order with the drop down box and apply the deposit. Moved over to ...
Ok, I think I've found a temporary fix.
- I've created an order for the customer, minimal detail, just listing quote number.
- When deposit was received in bank I've recorded it to income in advance - customer deposits (not the usual income account) using customer details and listing job # as quote number
- I've then created an 'invoice' for the deposit amount and recorded it as a negative (creating a credit) and also used the income in advance account (this neg will balance that account)
- When the order becomes an invoice I'll apply the credit to the invoice and should only show the total figure less credit applied..... fingers crossed it will all balance.
Phew! what a mine field! I hope this helps. Let me know if you see any issues with what I've figured out! I think I'll need our accountant to look at our first month to make sure I've not completely stuffed it up!
wow, one should not have to do this! It makes me think whoever is behind the 'latest' software has not a clue with how a business works or basically any idea about accounting!
You are exactly right. MYOB need people you know how a business office procedures are done. It is very poor of such a big company to not know what business need. Understanding of accounts and business and the practical side of how things work. It’s very unprofessional
