Click on the amount displayed under withdrawals and select the transaction type as other withdrawal. Enter all the necessary information and documents can be uploaded by clicking on upload icon. Click on save to save the transaction.
Category: Banking
Banking Topics for myBooks
Vendor Advance
Click on the amount displayed under withdrawals and select the transaction type as Vendor advance. Enter all the necessary information and documents can be uploaded by clicking on the upload icon. Click on save to save the transaction.
Vendor Payment
Goods or services which are rendered by the vendor. For those goods or services payments will be made to the vendor. Those transactions can be reconciled here. Click on the amount displayed under withdrawals and select the transaction type as a vendor payment. Select the vendor name and once the vendor is updated open bills […]
Transfer to Another Account
This reconciliation shows the amount transferred from one account to another account. Click on the amount displayed under deposits and select the transaction type as Transfer to another account. Enter all the necessary information and documents can be uploaded by clicking on the upload icon. Click on save to save the transaction. Match transaction for […]
Banking
Your daily transactions will vary in the method of payment. Payments we receive from customers or payments we make to our vendors will be through banks, or even through cash. It is important that all those transactions are matched from your bank to your Accounting software. Certain subscription packages in myBooks allow you to connect […]
Reconciling the Transaction
The above is the video to upload bulk items on myBooks. Here is a step-by-step explanation about reconciling the transaction Once the automatic feeds from bank loaded or bank statement are uploaded, transactions which have loaded will be displayed under deposits and withdrawals. Amounts displayed under deposits will reflect sales and the amount displayed under […]
Customer Advance
Customer advance means payments received from customers before the goods are delivered or services are performed. You can categorize those transactions here Click on the amount displayed under deposits and select the transaction type as Customer advance. Enter all the necessary information and documents can be uploaded by clicking on upload icon. Click on save […]