Share your ideas for improving MYOB Essentials Accounting. Vote on ideas and discuss them with the MYOB product development team.

MYOB Essentials

Banking: Allow negative transactional line

Cover User

1Posts

2Kudos

0Solutions

1 Post
Cover User

Can you please update the software to allow a dissection function where one of the entries is greater than the amount recieved or paid? Some of our client need to break down transactions with negative amounts.

 

For example when  a client receives payments where withholding tax is deducted.  For example amount received is $950, this needs to be coded accordingly

 

Cr Gross income $1000

Cr GST $150

Dr W/H tax $200

 

This function was easily handled in Banklink but we can not do it in MYOB Essentials

 

"negative amount in dissection"

Current Status: Done
Last Changed: January 2015

Thanks for your suggestion. You can now enter in negative lines when entering transactions in MYOB Essentials.

11 Comments
Experienced Partner
72 Posts
Experienced Partner

Thansk Steven, I'd missed that in the 'new' banking materials.