Accounting
Using MYOB in Stockyard Accounting
Once MYOB for Stockyard is installed, there will be a button on the main screen which will take you to this screen: Sync MYOB Accounts brings in the existing MYOB charter of accounts into STYD. They will then need to be attached to existing charges ...
Adding a New Bank Account
If your new bank account has a zero balance at the beginning of the current month, it is possible to add it in Stockyard in a few short steps. For bank accounts that already have a balance for the current month, please contact Outcross Systems for ...
Processing EFT Payments
Once the all the payments have been loaded and you are on the Banking Payments screen. Step 1 - Click on Balance to start processing the .aba file. You will be asked to confirm the EFT Application/Processing Date. This is the date that the payment ...
Bank Runs & Making Corrections
Bank Runs The ‘Bank Runs’ feature allows you to View previous bank deposits & payments. Adjust bank account details after the aba file has been created but before it has been uploaded. Print cheques and deposit slips for cash and cheque deposits, ...
Banking Deposits
Banking Deposits The Banking Deposits sub-module of Accounting facilitates the receipting money into your bank from Debtors e.g. Purchasers. It is best to use this module in conjunction with your physical bank statement to ensure accuracy. The bank ...
Banking Payments
The Banking Payments button facilitates the paying out of Creditors (i.e. Vendors, Suppliers, Contractors) from Stockbook. Step 1. Open Banking Payments Step 2. Select the Bank If there is more than one bank account, select the account you are making ...
Journals
Journals - Batches and Dissections The Livestock module in Stockyard creates a dissection for each cost entry in a sale. A journal batch/group is generated once a sale is closed. When the journal batch for the sale is generated, it will appear in the ...
Reconciling Under/Over Receipts
Rounding issues occur from time to time. Ideally amounts received should be receipted in the Banking Deposits window, using the physical bank statement amounts, before entering the Bank Statement. This ensures the correct amounts are available in the ...
Generating Financial Charges
Before closing the month, it is a good idea to create financial charges so they appear in the correct month. Financial charge journals are generated for financed clients. This option is found under Actions in the Taskbar Menu in the Accounting ...
Submitting .aba files
Step 1. Check that the Bank is set up to send an .aba file correctly: 1. Go to the Ledger and find the required bank ledger account. 2. Double click and open the bank ledger account and verify the account details are correct. i. SBN - the Bank's ...
Bank Runs
Bank Runs Once a Banking Deposit or Payment has been processed, journals are created facilitating a bank run. This is where the aba file is created so individual or bulk payments can be directly uploaded to your internet banking. A bank run journal ...
Attributes and their Uses
The Address Book is the hub for customising settings for the Livestock, Accounting and Clearing Sale modules in Stockyard. Attributes are created to help filter information, or assist in giving special treatment to an individual in a sale. These are ...
End Of Month Processing (EOM)
Prepare for End of Month Processing (EOM) Prior to rolling over into the next month, the following activities should be conducted: Step 1. Confirm all contractors have been paid. Use Banking Payments to pay out contractors e.g. transport companies ...
End of Financial Year (EOY)
Overview and Preparation The End of Year (EOY) process in Stockyard performs two important functions: Provides access to a 13th Period (June EOY) for year-end journals (e.g., depreciation). Moves all income and expense totals to a Profit/Loss ...