MYOB Users Forum

[vega43]

i did a cash sale last month and kept the money. i wanted to record the sale in myob, so i created a sales invoice for the item into my chk acct. i then did a "spend money" for the same amt to myself into eqity acct..."Owner Withdrawal". This money never went thru my bank. What's going to happen when i import my bank stmt and do a reconciliation?

[mikeopolo]

To balance your bank, you should enter a customer payment allocated to the invoice, into your cheque account. Then the receipt from the customer and the payment to yourself will cancel out.

Another way to record this in one go is to raise the invoice, print it out, and then edit it, add a line equal to the invoice total, but negative amount, allocated to your drawings account (if it's an item invoice you may need to create a new item for this). If you want to keep the invoice intact, then raise a service credit on the customer allocated to your drawings account.

When ever you raise a credit you also need to settle that credit against the invoice, which you can do via the sales register, settle credits. Select the credit, then choose Apply to invoice, and find the relevant invoice, allocate the credit as if it were a payment.