Setting up Sales

What you will need

To complete this set up you will need the following information:

• The accounts your sales accounts are linked to
• Balances of each of your sales accounts which have a balance due (the total of these must equal your Accounts Receivable account balance)
• Customer information

What you need to do

Choose Sales from the Set Up M.Y.O.B. sub-menu to set up necessary information for the Sales Command Centre. To set up Sales, you should complete the following tasks:

1. Complete setting up the General Ledger.

Refer to the Setting up General Ledger section above for more information about setting up General Ledger.

2. Verify your Sales linked accounts.

Linked accounts are set up automatically when you create your data file, but it's a good idea for you to check the accounts that were assigned, so you're sure the accounts you want to be linked are linked.

3. Enter customer information.

Before you can enter sales transactions, you need to enter information about the customers you conduct those transactions with. Each customer's information is recorded on a customer card.

4. Enter historical sales.

Before you can use M.YO.B. to correctly track your business's financial information, M.YO.B. needs to know about all your business's sales transactions with a current balance due, as of the first day of your conversion month. This information is entered using the Receivables Balances window.

The total balance of all your sales transactions with a current balance due must equal the balance of your Accounts Receivable account. You'll use the Receivables Balances window to make this happen.

 

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