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Before you start recording sales in MYOB, it is strongly recommended you fill in information about your business. While many tasks can be done on the fly, you gain the efficiency of MYOB's functionality if you, at least, set up these areas.

The Purchases area in MYOB is where you'll record the purchases you make from your suppliers. When you make a payment, you can match it directly to the original purchase, making it easy to keep on top of what you're spending.

Businesses purchase items for several reasons:

• build or assemble for resale
• stock items for resale
• run the operations of the business, such as office supplies and vehicles.