Posted: Wed Nov 30, 2011 6:44 am Post subject: Cheques
I am interested in how others do cheques
How do you enter cheques?
What date do you put on them?
i put them in as i recieve them in recieve money(Sales)group with undeposited or spend money with the date of the cheque(purchases) but when it comes to reconciling i always have to find them then change their date to match the bank statement same with cheques i write to purchases and sometimes the auto chq numbers clash.
There must be a better way
Is there a way of just looking at cheques that have been entered in myob through a report.
Posted: Tue Dec 13, 2011 8:21 pm Post subject: Cheque dates
You dont change the cheque dates, you enter the Receive Payments on the date you get the cheque. As you are using Undeposited Funds, you may have a few cheques that just sit in that account until the day you go to the bank. You then do a prepare Bank Deposit on that day and select all the cheques you are actually banking and date that transaction accordingly. The total of these is then reflected on your bank statement.
As for paying for your purchases, always override the auto numbering to reflect the actual chque number and use the date you wrote the cheque. This date will not marry up to your statement as some folks take ages to bank their cheques, when you reconcile the bank statement, these simply remain as outstanding until they are presented.
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