I think that there needs to be a facility with MYOB AccountRight for entering automatically reversing journals.
This would be a great feature and one that lots of MYOB users would appreciate as...
Feature requested by year-end accountants:
Could we have a tick-box in the Recurrent Transaction - General Journal window, for the recurrent transaction to be posted with reversed figures ?
Situation: Accountants often raise general journals at the financial year-end, which need to be reversed on 1st or 2nd July in the new financial year. Mainly accrued income or expenses, plus provisions. It would be handy for them to be able to just "tick & flick" a recurrent transaction, to enter it on the 1st or 2nd with reversed figures.
Xero and Attache have this feature - saves time for busy practising accountants.
Kym Y, CPA & MYOB Advisor
Darwin (Palmerston)