Receiving money (Bank Register)

The Bank Register allows you to quickly and efficiently enter all your transactions for asset accounts which are set up as Account Type: Bank or liability accounts which are set up as Account Type: Credit Card from one window. You can also view a complete transaction history for a selected date range of each of these accounts and open the source window of each transaction for more detailed information.

Note: The Bank Register is not a transaction window

Note: The Bank Register can't be used to enter MYOB Merchant Account Service transactions

The data entry area appears in the bottom portion of the window and the top portion displays the transactions in a scrollable list.

The list in the upper left corner of the Bank Register window displays only asset accounts which are set up as Account Type: Bank or liability accounts which are set up as Account Type: Credit Card.

For each Receive Money transaction you record, a corresponding payment receipt can be printed. (Printing payment receipts)

Note: Entering transactions in the13th period

While the Bank Register is quick and convenient, it is not appropriate for every Receive Money transaction.

Warning: Receive Money transactions can't be used to close invoices

Keep these points in mind:

If a transaction uses more than one account, you cannot use the Bank Register alone. Click the Split button to open the Receive Money window. All data already entered in the Bank Register window carries to the Receive Money window and the Bank Register Transaction Entry fields clear.

In the Receive Money window, follow the procedure To receive money (Receive Money window); then click the Record button. You can enter additional Receive Money transactions in the Receive Money window or click the Cancel button to return to the Bank Register.

There is no default account in the Bank Register. The account you select is the account that is used. Even if you selected "When I Receive Money, I Prefer to Group It with Other Undeposited Funds" in the Banking view of the Preferences window, you must select Undeposited Funds here to apply the transaction to that account.

There is no Payment Method field in the Bank Register. The payment method and details used are those assigned to the customer in the Payment Details view - Customer of the Card Information window.

If the method or details of a sale differ from the default information, or if there is no default information and you want to record the payment method or details, you should enter the sale in the Sales window.

If no default payment method was assigned to the selected customer, no payment method is assigned to the transaction.

You can print a corresponding payment receipt for each Receive Money transaction you record. (Printing payment receipts)

Step by step

To receive money (Bank Register)