Entering Purchases

775 Results For Entering Purchases

Entering Purchases

1 - 12 of 775

General journal entries

purchase is recorded: To correct the tax code allocation, enter a new journal entry to: * debit the GST paid on Purchases by $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…

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…

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…

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…

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

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…

Periodical inventory

…need to prepare a General Journal entry to debit the Purchases (Cost of Sales) account and credit the Stock On Hand (Asset) account. The amount entered needs to be the value of the Stock on Hand as at the…

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 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…