Entering Purchases

849 Results For Entering Purchases

Entering Purchases

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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? New to MYOB AccountRight…

Employee purchases and GST

…employee that purchases goods/services from you. * Click OK. Recording an employee purchase There are 3 tasks involved in recording an employee purchase: 1. Enter the sale 2. Close the sale 3. Enter the employee's…

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…

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…

Branch and head office transactions

…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…

Glossary of accounting terms

…record a purchase in the Purchases & Payables command centre, the unpaid balance of the purchase is added to your accounts payable. Every time you pay a bill (using Vendor payments in the Purchases command…

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…

Input-taxed purchases and sales

…International purchases and GST Previously viewed support notes * Deleting cards * Combining Records: Cards and Accounts * How do I enter an aged opening balance for a supplier? * Entering account opening…

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…

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