Asset Account for Tracking Debtors in this Currency |
Enter the asset account that will be used to track the money that people owe you for sales made in the selected currency. This required account is usually named "Trade Debtors" or something similar. In MYOB Accounting Plus documentation, this account is referred to as your linked debtors account for the selected currency. |
Bank Account for Customer Receipts in this Currency |
Enter the asset account that will be used to track the money you've received from people for sales made in the selected currency, and from which you write refund cheques in this currency to your customers. This required account is usually named "Bank Account" or something similar. In MYOB Accounting Plus documentation, this account is referred to as your debtors bank account for the selected currency. |
I Charge Carriage on Invoices in this Currency |
Mark this option if you deliver physical items to customers who use the selected currency and charge them a separate amount for delivery. |
Income Account for Carriage in this Currency |
Enter the income account that will be used to track the carriage amount on invoices you record in the selected currency. This field appears only if you marked the I Charge Carriage Invoices in this Currency option. |
I Track Deposits Collected from Customers in this Currency |
Mark this option if you allow your customers to make deposits on sales orders and you plan to track those deposits in MYOB Accounting Plus using orders. |
Liability Account for Deposits Received |
Enter the liability account that will be used to track deposits made in the selected currency on orders. In MYOB Accounting Plus documentation, this account is referred to as your linked customer deposits account for the selected currency. This field appears only if you marked the I Track Deposits Collected from Customers in this Currency option. |
I Give Discounts for Early Payments in this Currency |
Mark this option if you extend credit terms (for example 2%/10, Net/30) that reward customers who use the selected currency with a discount if they pay their accounts early in the billing cycle, rather than at the end of the cycle. |
Expense or Cost of Sales Account for Discounts |
Enter an account that will be used to track discount amounts that you've provided to your customers who use the selected currency if they pay their bills early. (The type of account you select in this field depends upon what purpose you consider discounts serve in your business. If you think discounts increase the cost of making a sale, enter a cost of sales account here. If you think discounts are promotional expenses, enter an expense account here.) In MYOB Accounting Pluss documentation, this account is referred to as the linked customer discounts account for the selected currency. This field appears only if you marked the I Give Discounts for Early Payments in this Currency option. |
I Assess Charges for Late Payment in this Currency |
Mark this option if you charge customers who use the selected currency a fee if their payments later than their payment terms allow. |
Income Account for Late Charges |
Enter an income account that will be used to track finance charge amounts that you've collected from customers who haven't paid their bills on time. In MYOB Accounting Plus documentation, this account is referred to as the linked customer late charges account for the selected currency. This field appears only if you marked the I Assess Charges for Late Payment in this Currency option. |
New button |
Click this button to open a new Currency Information window and set up new currency records |
OK button |
Click this button to accept the entries you've made in this window. |