ACCG251 MYOB Assignment 2 (1 Viewer)

[shhy8029]

for transactions where it says "received goods and invoice from xxx", do we have to enter purchase AND pay the bill? or do we just enter the purchase and thats it? some1 please help...

my gut feeling is you only have to enter the purchase, and don't worry about paying anything. but I've already made several payments...which means if i did it wrong i'll have to do the whole assignment again.

HELP


edit: also, for transactions "provide X hours of service and repairs" do you receive payment after you produce an invoice? they made it so unclear...

edit 2: my cheque account balance at the end is negative. wtf

 

[sja]

Hey

I am a Finance & Economics student and don't do ACCG251 but I do work part-time and deal with MYOB twice a week.

When my company gets goods and an invoice sent out we enter the Purchase. You only "Pay the bill" at the end of the, say period (2 weeks or month) which then is deducted.

I'm pretty sure the transaction will say "Money sent to Company Z" if you needed to Pay Bill!