Statement of Accounts from Suppliers

Winho Trading Accounting Operations Handbook
← Handbook index
3. Accounts/Bookkeeper Review
  [Accounts/Bookkeeper] Confirms all freight invoices are in MYOB, GST is allocated correctly per invoice,
  and MYOB matches the freight agent’s records.
     – In some cases, the GST breakdown needs to be added on top of the GST already shown on the invoice,
     rather than replacing it — check the report carefully rather than assuming one or the other.
  Editing the GST amount can only be done in MYOB Desktop — this function isn't available in the MYOB
  browser version. There's a video guide in the accounts manual folder.

  ■ Austral Asia GST Report
  ■ ASEAN GST Report (they may not always provide one — requires a manual check)


Statement of Accounts from Suppliers
MONTHLY

The purpose: the supplier statement is checked against MYOB to confirm everything matches — anything
missing flags a gap that needs chasing.

  [Accounts/Bookkeeper] When a statement arrives, cross-check every invoice listed against what has
  already been sent to Accounts/Bookkeeper, then compare against MYOB.
  [Accounts/Bookkeeper] If an invoice is missing or not in the system, check why it wasn’t received from
  Tony — it may be under dispute and never approved.
  [Accounts/Bookkeeper] Follow up weekly on outstanding items.

Main ones to watch