Contra deals are a convenient means by which two businesses use their goods and services supplied to each other as payment for those received. For example, let's say you do some work for a customer and charge $100 and they in turn charge you $30 for goods. This leaves a balance of $70 for the customer to pay. Here's how you handle it in MYOB: If you have linked or imported your bank accounts, you can match the deposit that appears against the Transfer transaction recorded above if MYOB hasn't already auto matched it for you. |