Sales Easy Setup Assistant

Select the accounts to track customer receipts

When receiving payments from customers, MYOB Accounting Plus makes it easy for your to add the payment directly to your chebank account or to add it to an undeposited funds account where it will be held until you're ready to make a deposit to your chebank account. Every time you receive a payment from a customer, you'll be able to select the option to Deposit to Account or the option to Group with Undeposited Funds.

Note: About linked accounts
Every transaction you enter into the system must be assigned to one or more specific accounts. To reduce your data entry time and the possibility of mistaken assignments, MYOB Accounting Plus was designed to automatically assign your transactions to the proper accounts at the time you record the transactions. These accounts are called linked accounts. When you created your company file, Accounting Plus linked accounts from the accounts list that are most commonly used for specific kinds of transactions.

In this window, you'll select the Account for Customer Receipts; this account will be linked to the Deposit to Account field in the Receive Payments and the Applied Payment Details windows.

In this window, you'll also select the Account for Undeposited Funds; this account will be linked to the Group with Undeposited Funds field in the same two windows.

Click below for more information to help you select these linked accounts:

Account for Customer Receipts

Account for Undeposited Funds