Banking

To receive money (Receive Money window)

The Receive Money window should be displayed.

Note:  You can subscribe to the MYOB Merchant Account Service to process credit card payments directly from AccountEdge

  1. To deposit the receipt now, mark Deposit to Account and select the account that will receive the funds. Otherwise, mark the Group with Undeposited Funds options; you can create a bank deposit for the funds later, using the Prepare Bank Deposit window window.


    Note:  Choose your undeposited funds account for customer credit card payments and credits
  1. Review the transaction date and change it if necessary.


  2. In the Payor field, enter the name of the person or company that provided the funds. (This is optional.)


  3. In the Amount field, enter the amount being paid.


  4. If you wish, you can specify the payment method that was used. This is especially helpful if you've selected Group with Undeposited Funds. When you create your bank deposits, you can select receipts according to the payment method entered here.


  5. In the scrolling list in the middle of the window, allocate the receipt to the proper allocation account(s). (More information about entering line items for cash receipts) The Out of Balance amount must be zero before you record.


    If you want to use a foreign currency account, see Linking a foreign-currency account in the Receive Money window.
  1. If you subscribe to the MYOB Merchant Account Service, you can authorize the payment


  2. Click Record.


    A corresponding payment receipt can be printed for each cash receipts transaction you record. (Printing payment receipts)

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