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When you use the Pay Bills window, you'll select the checking account or credit card account from which you want the money to be drawn. You have the option to print checks for vendors and employees or pay them by direct crediting from your bank.
In MYOB AccountEdge, you can directly credit your bank by creating an electronic payment. Select the Group with Electronic Payments button if you want to pay a transaction electronically. A Pay Bills transaction you record in this manner will appear in the Prepare Electronic Payments window and remain there until you're ready to transmit the transactions for approval. (Creating electronic payments transactions)
If you choose not to pay electronically, use the Pay From Account button. The Pay From Account list in the upper left corner of the Pay Bills window displays all the Detail Checking and Detail Credit Card accounts you've set up.
Only accounts you've specifically designated as checking accounts or credit card accounts appear in the list. If you want a particular account to appear in this list, you'll need to create the account first. (Creating accounts)
You can also use the Bank Register window to enter bill payments. [Entering Pay Bills transactions (Bank Register)]
You can use Paid Today to enter a customer credit card payment; a customer credit card payment can also be entered in the Bank Register or in the Pay Bills window.
The process of creating credit card vendor payments is virtually the same as the process for creating any other vendor payment transactions. The transactions you create in the process are managed in the same way as other vendor payment transactions.
When you create a credit card vendor payment, be sure to enter or select your company credit card account (a liability account) in the Account field. If you need to you create a vendor return/debit, you'll enter or select your company credit card account in the Deposit to Account field of the Settle Returns and Debits window in the same manner.
The process of creating vendor payments paid by a company debit card is virtually the same as the process for creating any other vendor payment transactions. The transactions you create in the process are managed in the same way as other vendor payment transactions.
If you wish to report payments to vendors for inclusion on a 1099 statement, select how to report the payments by choosing from the list of categories in the "Report Payments on 1099 as" field in the Buying Details view of the Card Information window. (Tracking vendor payments on a 1099 statement)
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