The correct configuration for a PayPal account on MYOB AccountRight
My business relies heavily on a PayPal account by which to receive payments from customers, but also to make payments to suppliers. It is used as a clearing account also, since funds from payments are oftened relayed on to various bank accounts. When setting up a new account for PayPal what would be the correct account type: Bank Accounts Receivable Other Current Access Fixed Asset Other Asset Further, what tax code classification should be given to this account?Solved2KViews0likes3Comments
Balance in header account incorrect
Hello We are using Accountright 20.1.0 and the total of detail accounts arent adding up to the total in the header accounts (in a number of cases). I have checked the trial balance and balance sheet which dont appear to have issues, I have also moved the header and detail accounts with no luck. Any suggestions ThansksSolved1.5KViews0likes3Comments
Track General Ledger Changes
Hi, I was hoping to get some assitance with a General Ledger report. I am currently producing a report for the previous FY and I was to see which user accounts made changes to the general ledger. I couldn't see any customisation settings and wanted to know if there was any way to determine which specific usernames have made changes, additions etc. to the ledger. Thanks, Nick.1.2KViews0likes1CommentLoan Repayment Recording that uses 3 accounts
We have a loan that we repay that I want to keep track of in MYOB. I have set it up as a liability (credit card - so that I can keep track of it). I know how you should normally record the transaction, as a spend money, to use the expense account, etc, but because of the repayment for this loan going between 3 accounts & wanting to track each of those accounts, I can't seem to work out an entry to make it go to the expense account. Currently, the entries I do are: The money leaves our main bank account & goes to a loan operating account with a different bank. I just use a transfer money entry for this. Then the money goes from the loan operating account to the actual loan. When I do a spend money entry for this, it uses the loan operating account as the 'pay from' account & the loan as the account number. Is there a better way to record the entries to have it show in the expense account, or is there a journal entry that can be done? If I use the expense account straight up in spend money, then I can't either track that it's gone to the loan. If I use a receive money entry for the loan, I can't track the account the money came from. The interest that accrues on the loan can be entered as a journal entry & thus use the correct expense account, as it just 'touches' the loan. With our repayments, they're going between 3 accounts that I'd like to be able to keep track of. I hope this makes sense. Any ideas?Solved1.1KViews0likes2Comments
Something's gone wrong error with editing or creating a new account
Hi! I'm trying to create a new account or edit existing and see the same Something's gone wrong and AccountRight needs to close error. I use MYOB AccountRight 2020.2 version. Reinstallation doesn't help. Please find a file attached.Solved1.1KViews0likes6Comments
