Setup: Add a budget
Hi Feedback from our clients tells us that many clients would like a simple budgeting feature. One suggestion was to enter in either a monthly, quarterly or yearly budgeted figure for each account and then areport to print at intervals to see how the actual expenses are comparing. "Budgeting"25KViews66likes34CommentsReport: Balance Sheet - Comparisons
It would be good to have the ability to generate a Balance Sheet and P&L that shows prior period comparative data within Live Accounts. If possible, the option to show additional columns such as $ movement or % movement would be helpful also. Most accountants would find this helpful in analyzing the performance of a business. "Balance sheet and Profit and Loss Comparatives"22KViews86likes24CommentsSetup: BAS Preparation
Hi there At the moment MyobLive doesn't seem to have much automated functionalityfor BAS. Given that the system already calcuates the BAS it seems really odd that the user has to manually create a spend journal or a reversal to allocate GST Paid, Collected, PAYG instalment etc, and also fill in the ATO forms. Surely this could all be automated, afterall it's the most confusing thing for small business and the one where MYOB already does much of the heavy lifting (in my case, the main reason for using the package in the first place). Df "BAS Preparation"19KViews101likes40CommentsReport: Profit and loss - This year/last year comparison
Hi, Is it possible to do This year/Last year comparison reports for P&L and Balance sheet in MYOB essentials? If not is this something that could be added or is there an upgrade that does this? "this year/last year comparison reports"13KViews79likes18CommentsAccounts list: Delete accounts
I was working with a client again setting up there chart of accounts To have to scroll to the top of the page to press the delete button is clunky, time consuming and not intuitive I would like to strongly sugesst that we can delete from the edit window which can be accessed by double clicking If others agree, please vote for this suggestions to get MYOB moving to improve the system even more! Thanks "Deleting Chart of Accounts lines with ease :-) - complaint and constructive suggestion!"12KViews12likes14CommentsReport: Balance Sheet - Cash basis
Please include a report option for cash basis balance sheet. Xerodoes it. Ye at MYOB may think "we better not do it because our competitor does it" but it does make life simpler for us accountants. It will be a simple matter to generate the cash balance sheet: Start with accruals balance sheet Remove income items not yet paid from P&L income accounts and trade debtors Remove expense items not yet paid from P&L expense accounts and trade creditors Apply adjustments to retained earnings account in report The above method is probably already in use for the cash P&L. A lot of small businesses operate on a cash basis and there ends up a discrepancy when you use an accrual balance sheet and a cash profit and loss. The retained earnings account ends up different. It is also easier for small business owners to understand. "Cash Basis Balance sheet"7.2KViews32likes6CommentsReport: CashFlow statement
I need to run off a cashflow statement report in LiveAccounts & you can't. The best I can do is aP&L mthly on cash basis or print off a bank trans report mthly. But either way I will still need to enter the data separately on say an excel spreadsheet. I need to show that my client can meet repayments on new equipment they want to lease. I would have thought seeing that a cashflow statement report is bank oriented, that it wouldn't be hard to have it set up without too much trouble? thank you "Cashflow statement in LiveAccounts"6.3KViews28likes11CommentsReport: Profit and loss - Accrual and Cash
So here i am - I have 9 customers on Live accounts - Yes i know, not many. Two of them have now asked me to change from MYOB live accounts to another online cloud based software that will give correct reporting. This is due mainly to the Profit and Loss report not showing correct information for cash based companies. This report is, as many of you know, very important in running a business. My clients have been patient, but time has run out. So i guess my question is - will the report be fixed and time frame - if not fixed shortly, can anyone suggest a cloud based software that i can move them to? Don't want to move them, but i need to keep my customers happy and in business. "Profit & Loss report needs to be fixed to take into account Cash or Accrual business setup."6.1KViews1like8CommentsReport: General Ledger details - Show GST Amount
Would it be possible to put a customisation in the General Ledger detail report to show the GST applicable to transactions - this would be extremely useful when reviewing transactions to ensure the correct gst code/amount has been applied to the transaction - current,y the only way I know of to review the GST on a transaction is to actually open up that transaction "General ledger report showing gst amount"5.6KViews1like5Comments