Entering Purchases

736 Results For Entering Purchases

Entering Purchases

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General journal entries

purchase is recorded: To correct the tax code allocation, you should enter a new Journal Entry to debit the GST paid on Purchases with $4000 using the CAP or GCA tax code and credit the GST Paid on Purchases

Day-to-day Processes

…business processes using MYOB AccountRight software, this course will take you from entering sales and purchases right through to reconciling the bank account. Who should attend People who have already…

International purchases and GST

…with the GST component of an overseas purchase. Task 1 - Record the overseas purchases Create an item purchase and enter the details of your overseas purchase. In this example the N-T (No Tax/Not Reportable…

Using the Bank Register

…button. Enter Sale / Enter Purchase Invoices and Bills entered through the Bank Register use the Miscellaneous type Layout. The value of these sales and purchases is the same as that entered in the Amount…

Purchases and sales for branches and head office

…transactions. Task 1 - Enter the purchases from the branch stores Using the relevant supplier's branch Card, enter a Bill for the goods or services that have been purchased. Task 2 - Record the branch…

Recording credit card transactions

…These fees can be entered as a credit card purchase using Spend Money as described in Recording a credit card purchase above. Alternatively, when reconciling your credit card account, enter the fees/interest…

Setting up petty cash

…in the Tax column. * Click Record. See our example below. Enter a cash purchase using petty cash Purchases made from Petty Cash are entered in the same way as a cheque payment. * Go to the Banking command…

Using AccountRight

Purchases and Banking features in AccountRight. * How do I Process sales and receive payments for invoices? * How do I make an adjustment to an invoice that's been entered? * How do I process purchases

Recording bank interest and charges

…charged to you are reported both at G11 Non-capital purchases and G14 Purchases without GST in the price. So bank charges and interest paid are entered using the FRE Tax Code. * Any bank interest received…

GST & BASlink - Frequently Asked Questions

…inclusive value of the purchase is therefore $10,500. When entering the purchase in your software, you need to split the transaction into two lines. Assuming the purchase is entered as tax inclusive, the…

Payables Reconciliation and Aged Payables reports

…payments, normally your bank account. On some transactions such as Other Purchases, Professional purchases and Service purchase orders you are asked to nominate the other account. An out of balance situation…

Hire purchase setup - GST accrual basis

…window is displayed. * Enter the transaction as shown in the following example. Ensure you use the applicable accounts. Note in our example: The equipment being purchased is entered against a 'Plant & Equipment…