How to create Purchase Order

The buyer generates the purchase order in order to keep track of purchases. A purchase order document is generated by the buyer and will have a description of the product, product amount, the quantity of the product, and terms associated with the purchase order. How to get there! To create a Purchase order in myBooks […]

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GST Customer Credit Notes

Place of supply – Defines, whether the transaction has to levy inter or intra tax in mybooks and based on the GST treatments, GST and IGST tax, will load in mybooks. Taxes – In myBooks, the tax will load based on the place of supply. If the home state is selected then GST tax will […]

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How to create Bill

Goods or the services rendered by the provider are often referred to as a supplier or vendor. Having a proper record of bills will help in identifying the paid and unpaid bills. How to get there! To create a Bill in myBooks click on Transactions > Bill > Create bill or click on Create which […]

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GST Expense

Place of supply – Determine, whether the transaction has to levy inter or intra tax in mybooks and based on the GST treatments, GST, and IGST tax, will load in mybooks. Reverse charge – Reverse charge will only load in purchase transactions. Reverse charge means normally your vendor will pay for the tax which was […]

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