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We have now several clients who pay their accounting bills monthly and we raise a invoice each month.
I recently discovered Standing Orders which I was hoping would save me raising these invoices each month and save time but have now discovered that they do not deduct WIP when they are posted each month.
Is it possible to have them deduct the WIP as we need to track these clients and if they do not deduct WIP at time of invoicing, what is the actual point of a standing order?
Thanks in advance.
Solved! Go to Solution.
Thanks for the question!
Standing order will deduct from the WIP - ie: it will make a negative WIP entry.
Standing Orders based on Estimates to Complete make a negative WIP entry.
For info on how to tidy up after the real WIP comes in via a timesheet:
Thanks Matt - I have tested this and it works.
Appreciate your help.