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MYOB AE Standing Orders

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Partner AndersonCA
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MYOB AE Standing Orders

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.

Diane Anderson

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MYOB Moderator MattN
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Re: MYOB AE Standing Orders

Hi @AndersonCA

 

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.

 

See KB 36554 : How do I create a standing order?

 

For info on how to tidy up after the real WIP comes in via a timesheet: 

 

See KB 33646 - How do I apply estimates against WIP generated?


cheers,

Matt
Product and Technical Specialist
Practice Solutions
MYOB Australia Pty Ltd
Partner AndersonCA
69 Posts
Partner
Australia
AndersonCA
Partner

69Posts

2Kudos

1Solutions

Re: MYOB AE Standing Orders

Thanks Matt - I have tested this and it works.

 

Appreciate your help.

 

Diane.

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