- Steven_MFormer StaffStatus changed:OpentoDone
Hi Everyone
From AccountRight 2020.4, users can produce reports for the current, next and past financial years.The AccountRight browser also allows the user to select dates that fall in different financial years for reporting.
- JB336Contributing User
I would like the ability to produce a report that is not fixed to one financial year e.g. Jan to Dec which is in line with our business' performance. Is this possible?
- chrissyaCover User
It would be nice to be able to report more than two years on the P&L. Theres many years data available in MYOB but no way to collate it in P&L form to see trends without sending to excel and mucking about with it in there. I have many clients who would like to see 3-5 years worth of data reporting, and would use this function often.
When its required by the ATO to retain records for up to 7years I find MYOB AccountRight inefficient to support. MYOB account right reporting only allows 3 year periods. I just went to run all my 2018 reports and I can't because you've got FY20/21 (which hasn't even started) taking up one of the years. The instructions I've found to get previous reports is complex and time consuming and problematic for a novice (locate and restore a backup from before the financial year was rolled). It could be very costly if I have to ask my accountant.
When are you planning to make more years available? You should at least have 4 years where one is taken up for a new year that hasn't started. As an interim solution can you run these and provide them to us?
I wanted to run monthly and yearly P & L statement reports for the past 5 years so I can prepare a summary spreadsheet/report showing the history and trends to help guide the business.
I have been told the only way to get data from years gone by is to retore each year and get that report. Why can we not put in date perameters say 2012 (when I started using MYOB) and present and get a report to cover the entire time span? Sad I say, just sad. We pay a lot for a program that is limited and restrictive. Me not happy! (:
- prospectCover User
I completely agree. I am trying to run a business with PLANNING and BUDGETING. Being able to look back only one year and budget forward only one year is incredibly limiting. It is a big wrench to move to a new system but with only one year's history at my fingertips and only two years in any one backup it is not such a big move to change to another program that will give me longer term history and budgeting. Actively going to see if I can find something. My old simple cashbook software had way more functionality in this respect
- SPereraTrusted Cover User
With reference to Account Right Live, MYOB does not have the capability to produce some current financial year (2018/19) reports without closing the last financial year (2017/18). Let's say, If I need to see my P&L for July 2018, I can't produce this report unless I have closed 2017/18. I don't believe, only giving the option to work on the file but not giving the option to produce vital reports are good enough. MYOB need to fix this limitation.
- Michelle2016Cover User
Hi,
Is it possible to print a Profit & Loss report for a Job that has entries over two financial years? Eg a Life to date report.
Currently I print a job transaction report as that doesn't restrict entries to financial years.
Thanks
Michelle
- StephennnnCover User
I have to agree completely with Tricia. These reports should simply be available in the MYOB software with the requirement for add on.
The MYOB response is typical of a software company not bothering to listen to its users. They state themselves that there are many reports that can be run for any period. OK, so the data is there. Why would this data not be available for the most basic of reports - a Profit and Loss Account?
- StephennnnCover User
The restriction on reporting by Last Year This Year and Next Year really needs to go.
Users and their accountants often require balance sheets and profit and loss accounts for multiple prior years, either to analyse, generate reports for bank finance purposes or for preparing a business for sale.
The data is already retained in the MYOB file - for example you can run a sales register report for any selected period. You should not have to access prior year back ups and/or perform multiple roll backs.
Further, cross period reporting should be enabled eg to run calendar year reports, or FBT year reports.
It should be a simple simple fix that MYOB continues to ignore. As as an accountant in public practice this singular issue has me recommending Xero & Quickbooks.
MYOB, please start to listen. The development time to implement this must surely be negligable but would have a significant impact for your users.
- StephennnnCover User
The restriction on reporting by Last Year This Year and Next Year really needs to go.
Users and their accountants often require balance sheets and profit and loss accounts for multiple prior years, either to analyse, generate reports for bank finance purposes or for preparing a business for sale.
The data is already retained in the MYOB file - for example you can run a sales register report for any selected period. You should not have to access prior year back ups and/or perform multiple roll backs.
Further, cross period reporting should be enabled eg to run calendar year reports, or FBT year reports.
It should be a simple simple fix that MYOB continues to ignore. As as an accountant in public practice this singular issue has me recommending Xero & Quickbooks.
MYOB, please start to listen. The development time to implement this must surely be negligable but would have a significant impact for your users.
- GoodoCover User
Based on the fact that the ATO requires us to be able to provide / keep financial records for 5 years and payroll records for at least 7, it seems bizarre that we can only access reports for 1 year of historical data. Without saving copies of the reports at the time, what are we meant to do without having to restore backups which seems to be a waste of valuable time.
- StephennnnCover User
When will this ridiculous notion of only being able to produce P & L reports in this manner be dropped so that reports can be done across whatever period is chosen, whether it is older, more current, or across financial years?
Related Content
- 6 months ago
- 12 months ago
- 2 years ago
- 8 months ago
- 7 years ago