Day 3: Sales Command Centre

Key terms and concepts

• Trade debtors: the amount of money due from customers.

• Sales register: a record of all sales activities, including open and closed invoices, quotes, orders, and returns and credits.

• Transaction journal: a list of all journal entries — General, Disbursements, Receipts, Sales, Purchases and Inventory journals.

Introduction and overview

Day 3 introduces you to the Sales Command Centre (see figure 3.1, overleaf). This area of MYOB is a favourite among small business owners, for obvious reasons. This is where you raise invoices for goods or services, receipt payments against trade debtors, and monitor accounts receivable. Today we will discuss the Sales Linked Accounts window and look at ...

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