Lynley Averis
Lynley Averis
End of Financial Year Checklist
I’ve entered everything in my accounting system and want to send to my accountant for end of year. What checks can I make?
Continue readingWant to speed up your MYOB AccountRight?
Some find AccountRight Live slower than your old desktop version of the software. Some find AccountRight Live faster mainly those who have been using MYOB Premier. Generally it is slower but the enhancements to the software reduce the time we take to do accounting. Check the table below for possible ways to speed up AccountRight Live: Possible cause Try this […]
Continue readingReconciling GST in MYOB (payments basis)
This is relevant for all of us who report GST on the Payments (cash) basis. MYOB AccountRight clocks up GST on the invoice basis – i.e. every time you enter a sale or purchase the GST content adds to the GST Collected or GST Paid account. To ensure you have claimed or paid the correct GST […]
Continue readingBank Feeds? Why do you need ‘em?
Automated bank feeds completely change your MYOB work flows and with it, improve accuracy and reduce the time you spend doing accounts. As the MYOB user, you get Bank Feeds on a daily or other basis. All entries come into MYOB since the last time you clicked on Get Bank Transactions. Unlike other online programs we […]
Continue readingEntertainment Expenses
We get plenty of questions on the subject of entertainment. Some new business owners get excited by the thought of entertainment but for all the wrong reasons..! Use the table below to help code entertainment correctly (maybe have an expense code for 100% and another for 50%). Don’t expect your accountant to spend hours wading […]
Continue readingMonthly Ageing on Customer Statements & Debtors Lists
Many of you call querying the ageing on your customer statements. In the situation here, we are dealing with ‘normal’ monthly ageing. If you have 7 day ageing or a combination of 7 day and 20th of the month following, we can also sort that to give correct reports/statements. To correct your monthly ageing follow […]
Continue readingSetting up MYOB AccountRight Video Tutorial
This video tutorial demonstrates the steps to take to set up an existing business on MYOB AccountRight. It covers the setup assistant, entering opening account balances, debtors and creditors balances. Before starting it is important to gather the information together including your last set of tax accounts produced by your accountant, your conversion balances (bank, […]
Continue reading20th of the month payables procedure (To Do List method)
This method is popular for those who have large numbers of payments to make on the 20th & need a speedy process. Enter all purchase invoices for the month Print an Aged Payables [Detail] Report Tick off each purchase that you intend to pay on the 20th (you should collate/reconcile the relevant invoices/statements behind the […]
Continue readingRetailManager – Searching & Reprinting Video Tutorial
This video tutorial shows you how to use the search facilities within MYOB RetailManager. The options include looking via the Customer information, the stock information, via staff code or by supplier name. The other method is via Lookup (Cntl + L). We also cover how to reprint the last of each transaction type. For more […]
Continue readingRetailManager – End of Day Cashup Video Tutorial
This video tutorial goes through the process of going an end of day cashup using MYOB RetailManager. The Till Balance can be checked and printed any time during the day so you can see how sales are going. For more MYOB RetailManager “How To” video tutorials please visit our YouTube MYOB Training Channel. If you require […]
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