Banking

To spend money (Spend Money window)

The Spend Money window should be displayed. Select the correct account.

  1. From the list of accounts in the upper left corner of the window, choose the account that will be used for this transaction.


    --OR--

    If you want to group this transaction with other electronic transactions, mark the Group with Electronic Payments selection. (An employee or supplier card must be entered in the transaction window in order to create an electronic transaction; only employee or supplier cards can be used.) The transactions will be linked to the account you chose as your Linked Account for Electronic Payments. When you mark this selection, the Payee field disappears.
    Note: If you receive the alert: "MYOB Direct Deposit and/or Vendor Payments is disabled"
  1. If the transaction is for a person or company in your Card File, choose the appropriate card. Otherwise enter the payee's name and address in the Payee field.


    If you marked the Group with Electronic Payments selection, an employee or supplier card must be entered in order to create an electronic transaction; only employee or supplier cards can be used.
  1. Review the default entries that are provided for you.


    Be sure the memo is short but descriptive; it can be used to identify the check in the Find Transaction window and on reports later on. Also be sure the date and the entry in the Check # field are correct.
    Note:  For a cash or electronic payment, you may want to replace the check number with letters or words
  1. In the Amount field, enter the amount being paid.


    Note:  A check number can be voided by leaving the Amount fields blank
  1. In the scrolling list in the middle of the window, allocate the payment to the proper allocation account(s). These usually are expense accounts. (In effect, you are indicating which debts are being reduced or "paid off') Also enter the amount being paid for each allocation account.


  2. Select Print or Record:


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