Hi,
I believe this should be a very easy fix for MYOB. It has to make amendments to the program to ensure that the transfers from the deposits to the creditors and creditors exchange accounts are done at the same values/exchange rate as that at the time of the actual deposit payment.
Theoretically, the current MYOB transfer journal amounts to altering historical data which is not acceptable from an accounting/auditing point of view. The use of manual accounting journals should be minimised as far as possible from an audit point of view. Also it would become a challenge for lesser trained/accomplished bookkeepers/accountants to understand and post the manual journals as currently required.
The current process is just creating a mountain out of a mole hill :).
MYOB Development team- Please do something urgently to fix this very simple fix. I am surprised it has taken over a year for MYOB to still action this...
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