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Banking Command Centre

This section shows you how to use the Banking Command Centre to record miscellaneous cash payments and receipts. It also shows you how to prepare a bank deposit in your MYOB software. Finally, you learn how to use your MYOB software to prepare a bank reconciliation statement.

The topics covered in this section are summarised in the Key Topics list below. To view our step-by-step instructions and screen illustrations of a particular topic, just click on that topic link now.

Key Topics

Recording a miscellaneous cash payment

Businesses sometimes purchase items or need to make a payment for services to suppliers that the business does not deal with regularly. In such cases, the business may record the miscellaneous cash payment without having set up a card for that payee. This topic explains where and how to record a miscellaneous cash payment into your MYOB software.

Recording a miscellaneous cash receipt

Besides collecting receipts from customers, businesses sometimes receive miscellaneous cash receipts from parties such as loan providers, from suppliers for cash refunds and from the owners of the business for further capital investment. This topic explains where and how to record a miscellaneous cash receipt into your MYOB software.

Preparing a new bank deposit

For all cash receipts entered into your MYOB software, you must also record that the receipt has been deposited in the bank. Read this topic to find out how you can combine multiple cash receipts into one or more bank deposits.

Preparing a bank reconciliation

Preparing a bank reconciliation statement on a periodic basis is an important control procedure. This topic explains where and how a bank reconciliation is prepared in your MYOB software.

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If you are looking for instructions on how to record cash receipts from sales or from the collection of accounts receivable, review the following topics in the Sales section of this Learning Centre:

For instructions on how to record cash payments to suppliers of inventory or for the settlement of accounts payable, review the following topics in the Purchases section of this Learning Centre:

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