Setup: Recurring transactions in MYOB Essentials

Or at least enable a way in AE Client accounting to set them up

I've been using the Essentials system for a number of years now and we periodically are asked what enhancements would improve our efficiency. Every time I've requested the ability to set recurring bills and 'spend money' transactions. I see that we have been given recurring sales invoices as an option and can't for the life of me believe that is more requested then recurring bills! Ironically, MYOB sends an electronic bill every month yet I have to input it every month instead of just adding the invoice number to a recurring bill set to generate on the 2nd of every month. I don't understand why a pared back system doesn't have a simplified option for recurring bills, recurring transfers between accounts, etc.

One of my other hobby horses with Essentials is not being able to batch update items that are purchased from the same supplier. Even just a simple addition to add the supplier name to a item for anyone to order.

I would like to see a recurring feature in the general journal added to the MYOB Connected Ledger & Essentails products. This would save time and errors in forgetting to post a journal every month. Hopefully this can be added to the development pipeline :)

I record Monthly Depreciation and Interest by Journal.

Some (smaller) clients provide information in Excel/Summary format.

I enter Income and Expenses on a monthly/quarterly basis by Journal.

Wages/PAYG - W are also entered on a quarterly basis by Journal.

The Business Owner is provided with a quarterly P&L and Balance Sheet.

It would be beneficial to have Recurring Journal Entries in MYOB Essentials..

Bank Feeds/Bank Rules have diminished the need for Recurring Entries for some businesses..

STP as it stands will require micro businesses to report each pay day using software - my understanding is that the STP requirements for micro businesses are yet to be finalised. 

Duncan Smith

Business Advice + Tax

wow, super disappointing. I hadn't checked back on this for a few months.  Five years of people more or less consistantly asking for a failry basic feature. "it's really hard so we have no plan" is not really good enough.

Hi there,

Looking through the community threads, the suggestion to have recurring invoice transactions in MYOB Essentials has been on the table for two years.  How can it be available for AccountRight, but not Essentials?  I'm sure it's not a technical issue.

I am a small business (one person - sometimes two) and really can't afford to pay $100 per month for AccountRight, but I do have recurring invoices (like all businesses), so don't understand why something so simple is held back.  It was on my old MYOB software (pre subscription based), so I felt like I went backwards when subscribing to Essentials.

Thoughts MYOB?

Also the five invoice/bill restriction is prohibative for small businesses, as we have more than five bills each month.  Could this be increased to ten per month in Essentails?

Surely I am not the only person using Essentials in this situation....

Regards,

Kylie

I can't understand why it needs to be so difficult?

Suja_P

Dear Suja, my frustration is not directly pointed at you personally, but my response to your message is WHY NOT?

This is an essential function of ANY modern accounting software and if you follow the trail of this message thread it is a function that the MYOB community require and have been requesting for YEARS!!

I'm sorry, but MYOB have dropped the ball on this matter. This should be a TOP priority for the next 4-6 weeks, not something for in more than 12 months time.

Even if we START with recurring journals functionality and then subsequently Recurring Invoices - but I shouldn't need to tell MYOB how to do their job...............

Im an advocate for MYOB Essentials and think it is a good micro business product, but this fault is holding it back.

Hi everyone, 

Thank you once again for all your comments and votes on this idea.  As we've mentioned in the past, the ability to set up recurring transactions in MYOB Essentials is a significant piece of work. While we understand and acknowledge the need for this and have this as one of our top candidates for product enhancements, we don't foresee it being delivered in the next 12 months.  Thank you for your patience. 

For information about the recent changes to the Idea Exchange page and Idea Statuses,  please read this article: Changes to our Idea Exchange pages.

Its a huge pain to have to type up each sale or purchase invoice each time and spend money transactions.  I have many recurring sales spend money and purchase transactions each month and I assumed I could use the recurring feature as I had in my software version.  This was the main reason I picked MYOB over Xero (You can use recurring sales and purchase invoices in Xero just not recurring spend money (apart from account Rules in the bank feed/reconciliation area).  And I assumed the reporting would be the same but that also seems to be not as good.  I must say Im underwhelmed atm