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In MYOB AccountEdge, vendor payments are transactions you enter to indicate that youíve made payments for the purchases youíve made from your vendors. When you enter a vendor payment in AccountEdge, you apply the payment to one or more of your outstanding purchase balances. You also can choose to apply vendor debits while preparing to apply the payment.
Step 1: Identify where the money for the payment will be drawn from
Step 2: Enter details about the vendor payment
Step 3: Indicate which purchases will be affected by the payment
Step 4: Choose what you want to do with the vendor payment
The list in the upper left corner of the Vendor Payments window displays all the checking accounts youíve set up. Remember that any checking account can be used for cash disbursements. Credit cards, petty cash and other methods for making payments may be displayed in this list.
Only accounts youíve specifically designated as checking accounts or credit card accounts appear in the list. If you want a particular account to appear in this list, youíll need to create the account first. See Creating accounts for more information.
Click below for the step-by-step procedures:
Enter details about the vendor payment
After you record a vendor payment, you might want to view the transaction again sometime in the future. AccountEdge allows you to easily find the vendor payments youíve entered into the system.
You can also quickly remove the effects of a vendor payment from your records or change a vendor payment. An important point to consider is if the vendor payment is changeable or unchangeable. If the transaction is changeable, you can make changes or remove the payment altogether from your ledger.
Unchangeable transactions work differently. By reversing an unchangeable vendor payment, the effects of the original payment will no longer be part of your ledger; however, a record of the reversed payment, called a reversing transaction, will remain. Then, if you want, you can enter a new, correct transaction to replace the transaction you reversed. See What are changeable and unchangeable transactions? for more information.
If you notice a problem with a vendor payment youíve already applied to a purchase, be aware that you canít simply change the payment. Youíll need to remove or reverse the payment first, then re-create and re-apply the payment.
Click below for the step-by-step procedures:
You can choose to print a check at the Vendor Payments window at the time you enter the check or you can choose to print the check at a later time. You can reprint individual checks, or you can print and reprint several checks at the same time -- the choice is yours.
To reprint a batch of checks, be sure the Unprinted Checks Only selection isnít marked in the Forms Selection window.
See Forms Overview if you need information about:
In the Forms Selection window, you can choose to print your checks on a continuous feed or laser printer, and you can customize your checks so theyíll look the way you want them to look. Collectively, these choices are called form layouts in AccountEdge.
The Continuous Feed Check form layout allows you to print checks on connected sheets of check forms. One check form is followed by one check stub.
The Laser Check form layout allows you to print checks one page at a time on a laser printer. The Laser Check form layout is also set up so two check stub forms are printed after the check form.(See Tips for customizing checks to learn more about customizing your checks and check stubs.)
You can also customize the look of your printed checks. See To customize the check form for detailed information about customizing your printed forms.
Vendor Payments Overview