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Inventory Account balance not changing after inventory adjustment
Help please, i have started a new business and using account 19 premier. We did a stock adjustment to bring in the opening inventory - we did an import file. It imported all fine. When i look at inventory in MYOB - i see stock on hand, and i see each item has a value. Everything looks good. When i checked the balance of the inventory account in the chart of accounts the balance was $0. Very confused, i went and checked the transaction journal, and I see the value of the inventory we bought in, then an equivalent value credit applied. Have i done something wrong? Why is this credit there, i dont recall doing anything that would have resulted in this. Screen shot attached. I did the import un a few chunks of data, and each and every data import has a credit that matches the value import 100%. Surely i have missed a step. Account Right - desktop version.TIMMULLER4 minutes agoPlace AccountRight: Inventory and Multi CurrencyAccountRight: Inventory and Multi Currency0Views0likes0CommentsClient Accounting
Is anyone having trouble accessing online client accounting today? Also, I can't log into my.myob. Is there an outage?VinceP2 hours agoPlace MYOB Accountants Office & Accountants EnterpriseMYOB Accountants Office & Accountants Enterprise11Views0likes2CommentsChanges to MYOB Business
Below is a little snippet from the marketing email from the mothership... We’ve listened to customer feedback and we’re making MYOB Business more user-friendly and intuitive. We’re thrilled to announce a brand-new MYOB software experience, launching tomorrow, Thursday 2 May 2024. I find it astonishing to read that they have listened to customer feedback! I can't find any users asking for navigation to be moved to the left. What's alarming is that the feature we've actually been asking you to implement for years has not been added. Instead all we get is some buttons moved around the screen. Really? Come on... It's about time someone actually gives us a real timeline on this!107Views2likes4CommentsGST refund but not paying invoice
Hello, I'm on accrual basis on which I have submitted some invoices in my last BAS. Those invoices were not paid and I presume the subcontractors are on cash basis. I do not think we will be able to go through the whole contract and I will only partially pay these invoices, maybe 20/30% maximum of the required value. However my GST has been credited to our account. How would it be treated ? Is the ATO going to ask me back the GST they refunded me or are they going to ask the full amount from the subcontractors despite the fact that I won't pay them in full but this is not the ATO's business to look into our business dealings. Also, if they ask from the subcontractors, as they are on cash basis, wouldn't they need to pay only the GST back on the amount I pay them ? Example invoice is $100+GST, got $10 GST back, I pay the subcontractor $30 and $3 for GST. They will pay back the $3 and I want to know who is responsible for the $7 missing... Thanks3Views0likes0Comments