Adjustments in inventory don’t always come from sales. Sometimes, it’s necessary to modify the inventory levels in records so that they will reflect in actual inventory. Inventory adjustment refers to adjustment entries made in periodic accounting to account for the differences between recorded and actual inventory items. How to get there! To create an inventory […]
Category: How to Docs
How to Docs for myBooks
How to create Vendor Payment
When a company order goods from a supplier, they raise a Bill, when the goods or services arrive they will receive an invoice from the supplier. If the goods or services match the bill, then details of the invoice are entered into the vendor payment, it helps to track how much money is going out […]
How to create an Item
Items can be products or services you render or sell to your customers. Based on your business, you can add that product or service here. You can create a catalog by adding all of the products and services you deal with. How to get there! To create a new item in mybooks click on Items […]
How to Edit & Delete Contact
Contacts List Your existing contacts are displayed here. To add a new contact, click on Create contact will redirect to the New Contact page. You can search, edit or delete your contacts. Edit a Contact Go to contact then select the contact Click on the Edit field located below actions It will redirect to a […]
How to create Contact
In myBooks you can keep your existing business contacts and also create new contacts. The contact can be a customer, vendor, or both. How to get there! Add a new contact in myBooks by a click on Contacts > Create contact General Details Select salutation then enters the first name and last name of the […]
GST Contacts
How to create Contact GST verification – If your contact is GST registered then enter their GST Number. If not select Non-registered. Based on GST number and GST treatment will load. GST number – GST number will load in myBooks if the option registered is selected. GST Treatment – GST Treatment will be loaded based […]
GST Item
Create a new item, HSN code – HSN stands for Harmonized System of Nomenclature is a systematic classification of goods all over the world. HSN has 8 digit code. Updated HSN code will be displayed in the GST reports. SAC code – SAC stands for service accounting codes is a classification system for services and […]
Customer Balance Report
This report shows records of Customer balance and it includes items for which payment not made. This report also shows Invoice balance, Available balance, Balance (FCY), and Balance (BCY). This report will be helpful in identifying your customers’ outstanding balances. This report can be created in three different sections they are Current, Previous, and Custom. […]
Vendor Balance Report
This report shows the record of the Vendor balance and it includes items for which payment not made. This report also shows Bill balance, Excess Payment, Balance (FCY), and Balance (BCY). This report will be helpful in identifying outstanding payments to the vendor. This report can be created in three different sections they are Current, […]
Vendor Aging Summary
This report show record of the Vendor aging summary and open bills of all the vendors. This report also shows from current, 1-15 days, 16-30 days, 31-45 days, >45 days. This report will be helpful in identifying the aging of the vendor payment balances. This report can be created in three different sections they are […]