When you use the Spend Money window, you'll select the bank account or credit card account from which you want the money to be drawn. You have the option to print checks for vendors and employees or pay them by direct crediting from your bank.
In MYOB AccountEdge, you can directly credit your bank by creating an electronic payment. Select the Group with Electronic Payments button if you want to pay a transaction electronically. A Spend Money transaction you record in this manner will appear in the Prepare Electronic Payments window and remain there until you're ready to transmit the transactions for approval. (Creating electronic payments transactions)
If you choose not to pay electronically, use the Pay From Account button. The Pay From Account list in the upper left corner of the Spend Money window displays all the Detail Bank and Detail Credit Card accounts you've set up.
Only accounts you've specifically designated as bank accounts or credit card accounts appear in the list. If you want a particular account to appear in this list, you'll need to create the account first. (Creating accounts)
You can also use the Bank Register window to enter bill payments.[(Entering Pay Bills transactions (Bank Register)]
You can use Paid Today to enter a customer credit card payment; a customer credit card payment can also be entered in the Bank Register or in the Pay Bills window.
The process of creating credit card vendor payments is virtually the same as the process for creating any other vendor payment transactions. The transactions you create in the process are managed in the same way as other vendor payment transactions.
When you create a credit card vendor payment, be sure to enter or select your credit card in the Account field. If you need to you create a vendor return/debit, in the same manner, you'll enter or select your credit card in the Deposit to Account field of the Settle Returns and Debits window.
If you wish to report payments to vendors for inclusion on a 1099 statement, select how to report the payments by choosing from the list of categories in the "Report Payments on 1099 as" field in the Buying Details view of the Card Information window. (Tracking vendor payments on a 1099 statement)
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