Chapter 13
Making Electronic Payments
In This Chapter
Understanding different types of electronic payments
Gearing up to make electronic payments
Paying suppliers and employees electronically
Sending electronic remittance advices
Tracking (and correcting) payments you made online
One of the easiest ways to save money in your business is to move away from paying suppliers and employees by cheque or cash, and move towards electronic payments.
MYOB offers a couple of different ways in which to manage electronic payments. In this chapter, I explain these different approaches, and discuss the pros and cons of each one. What works best for you is going to depend on which version of MYOB you're using and how many electronic payments you make each week.
What I can say — with both aplomb and an authoritative edge to my already rather bossy voice — is that if you want to save time and become blindingly efficient, get all those dog-eared cheque books that are lying around the office and chuck ...
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