Entering unallocated receipts

You can receipt payments from a client without allocating it against a bill. In this case the amount will remain in the Unallocated area.

This allows you to process the client receipt and maintain the unallocated amount as a credit on the client's ledger to be allocated against future invoices at a later date.

MYOB AO will allocate the cash at the standard tax rate for your practice. If you want to receipt at a different tax rate, select the appropriate tax rate when you enter the receipt.