Different Currency in MYOB?
If you are a premier user and have either debtors or creditors who are in a different currency, you can set this up on the card tab for the supplier or customer.
This is on the main details screen of the card and you can select from a wide range of common currencies such as AUD, USD, NZD, GBP etc. Just select the appropriate currency when setting up the debtor or creditor.
Showing posts with label bookkeeping help. Show all posts
Showing posts with label bookkeeping help. Show all posts
Tuesday, September 22, 2009
Tuesday, September 15, 2009
MYOB & Quickbooks Questions
We are launching our new video tutorial range in a few weeks. The video tutorial covers all aspects of bookkeeping using both Quickbooks or MYOB. It will be offered on a module by module basis, such as Payroll, Creditors, Debtors, Setup. It will also be offered as a complete package.
The tutorial will be just like going to a class one on one, but you will be able to pause it and practice or play it as many times as you want whilst you are doing the function on your own screen on your own data.
To keep up to date on the release of the tutorials, make sure you join the newsletter of bookkeeping tips and news and we will keep you updated!
The tutorial will be just like going to a class one on one, but you will be able to pause it and practice or play it as many times as you want whilst you are doing the function on your own screen on your own data.
To keep up to date on the release of the tutorials, make sure you join the newsletter of bookkeeping tips and news and we will keep you updated!
Journal Questions
There have been a number of "journal" questions emailed in recently. There is a double entry bookkeeping article link on one of the posts to explain the basics.
If you have a specific journal question, please email it and we will answer.
The main thing to remember when doing journal entries is that you will need to post two sides to the journal, a debit and a credit. There are always two sides to every journal.
The debit comes first, what account do you need to debit, for example are you increasing an expense? If so, you debit the expense code and credit another item such as a bank account?
For example, you have been charged a bank fee for the month. You would debit the "bank fee" account in your expenses and you would credit the bank account in the balance sheet.
If you are recording a journal for interest you may have received during the month, it would be a debit to the bank account in the balance sheet and a credit to the income received interest account in the profit and loss.
Sometimes a journal will effect only balance sheet accounts, sometimes it will effect only profit and loss accounts. More often however the journals will effect both the profit and loss accounts and the balance sheet accounts.
Remember any questions can be emailed for free to our email service!
If you have a specific journal question, please email it and we will answer.
The main thing to remember when doing journal entries is that you will need to post two sides to the journal, a debit and a credit. There are always two sides to every journal.
The debit comes first, what account do you need to debit, for example are you increasing an expense? If so, you debit the expense code and credit another item such as a bank account?
For example, you have been charged a bank fee for the month. You would debit the "bank fee" account in your expenses and you would credit the bank account in the balance sheet.
If you are recording a journal for interest you may have received during the month, it would be a debit to the bank account in the balance sheet and a credit to the income received interest account in the profit and loss.
Sometimes a journal will effect only balance sheet accounts, sometimes it will effect only profit and loss accounts. More often however the journals will effect both the profit and loss accounts and the balance sheet accounts.
Remember any questions can be emailed for free to our email service!
Saturday, September 12, 2009
Bookkeeping Tutorial
Welcome to Bookkeeping Tutorial.
We are here to make your life easier. If you have a bookkeeping question or an issue with MYOB or Quickbooks email us at BookkeepingTutorial@gmail.com
We will answer your question and it may even be featured in our newsletter.
Keep an eye on our blog as we update the posts with bookkeeping tips, tricks and news.
Subscribe to our FREE newsletter and get information direct to your inbox.
We are here to make your life easier. If you have a bookkeeping question or an issue with MYOB or Quickbooks email us at BookkeepingTutorial@gmail.com
We will answer your question and it may even be featured in our newsletter.
Keep an eye on our blog as we update the posts with bookkeeping tips, tricks and news.
Subscribe to our FREE newsletter and get information direct to your inbox.
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