Forum Discussion

MGB2's avatar
MGB2
5 years ago

General Journal - Purchases

This is more for the MYOB Software creaters/updaters . When making a General Journal Entry and I am using a recurring Entry, I may need to change the way the item has been paid, everytime I change fr...
  • MGB2's avatar
    MGB2
    5 years ago

    G'day AlanT

     

    No particular reason for using the General Journal rather than Spend Money, most probably because I was moving from MYOB BusinessBasics v1 to AccountRight , I had to re-enter data from the one program to the other, at that time cheesed off that BusinessBasics could not be continued to be used, MYOB trapping their customers into continual annual subscriptions.

     

    I took the time now and have taught myself "Spend Money".  Having said that, my original request should be considered and amended, if a recurring transaction is used, the Purchase/Sale should stay the same unless changed by the operator.

     

    Thanks for taking the time to answer my question.

AlanT's avatar
AlanT
Ultimate Partner

Hi MGB2 


The option to specify if a General Journal transaction is a Sale or Purchase is used to determine how the GST calculations are treated and therefore correctly allocated in the GST reports.


Do you mean that your business is not registered for GST? If that is the case, then I don't believe it would matter which option was used.


Is there a particular reason you are using the General Journal rather than Spend Money in the bank transactions?

 

Regards,

 

AlanT

MGB2's avatar
MGB2
5 years ago

G'day AlanT

 

No particular reason for using the General Journal rather than Spend Money, most probably because I was moving from MYOB BusinessBasics v1 to AccountRight , I had to re-enter data from the one program to the other, at that time cheesed off that BusinessBasics could not be continued to be used, MYOB trapping their customers into continual annual subscriptions.

 

I took the time now and have taught myself "Spend Money".  Having said that, my original request should be considered and amended, if a recurring transaction is used, the Purchase/Sale should stay the same unless changed by the operator.

 

Thanks for taking the time to answer my question.

  • AlanT's avatar
    AlanT
    Ultimate Partner
    5 years ago

    Hi MGB2 

     

    As you are now paying the monthly subscription, will you be adding bank feeds?

     

    Regards,

     

    AlanT

    • MGB2's avatar
      MGB2
      5 years ago

      G'day AlanT

       

      No I will not be using bank feeds.

       

      MGB2

      • AlanT's avatar
        AlanT
        Ultimate Partner
        5 years ago

        Hi MGB2 

         

        Interesting.

         

        Have you looked at this feature and decided that you don't need it or not yet considered it?

         

        I have found it makes life so much easier.  One of my client's is a small investment ledger with only 2 or maybe 4 transactions per month and bank feeds are worthwhile even for that.

         

        Let me know if you would like more details.  Happy to help.

         

        AlanT

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