Recent Posts & Replies
Resources: 2025 AU Federal Budget
Hey everyone! For those keen to learn more about this week's Federal Budget announcement and what it means for you, we've published a number of blog posts that you may find to be a helpful read. Links are available here: What the 2025 federal budget means for you 2025 Federal Budget: What's in it for SME's? 2025 Federal Budget: What it means for mid-sized businesses Key takeaways from the budget that we touch on include: Tax cuts and incentives Easing cost of living pressures Investment in skills and education Regulatory relief and loan support Making Aussie businesses more competitive Feel free to share your thoughts below, or reach out if you have any further questions! Cheers, Amanda.
STANDARD COST FIELD IN INVENTORY.
Hi All. We are having issues with the Standard Cost field in the Inventory. MYOB say it is GST Inclusive, but we have always put the GST Exclusive price of a product in here and not had a problem converting Purchase Orders to Bills. But recently we have to change the price of all the products when we receipt them in from PO's to Bills. We have MYOB setup to pull the Standard Cost field. We have always used it as Ex GST. Has anyone else noticed a change in this? Thanks.
Reinstated Employee
Hi, An employee resigned last year and then was reinstatedlate lasy year. In the past I have started a new Card for those employees that return but this time I followed MYOB's guide for reinstatment of employees. All went well except for her entitlements. I couldn't delete the existing entitlements and even entered a negative figure to counteract the whay was there, but now the reports are a mess for this employee. Can anyone help or should I start a new card for her adding in the correct amount of entitlements. Any help would be appreciated. Wendy
Ongoing Application Operation Timeout Issues – AccountRight 2019.3
Hi All, We’ve been experiencing ongoing Application Operation Timeout issues in AccountRight 2019.3, which have become more frequent over the past 6 months. For reference, this is the server-based version of AccountRight, and the company file is accessed over our internal network. What I’ve Tried So Far: Upgraded from 2019.2 to 2019.3 – Hoped this would resolve it, but the issue persists. Cleared the AccountRight Cache – No noticeable impact. Extended the timeout session – I've increased the UserSessionTimeout value to 60 minutes (via the Huxley.Application.exe.config file). This did help prevent immediate timeouts (used to happen every minute), but now they occur roughly every 10 minutes, sometimes extending to 40 minutes at best. Typically, we only have one user logged in at any given time. These timeouts occur randomly, even when the user is actively working. Our IT team has checked backend logs and sees no evidence of anti-virus interference or anything on the server side that would be affecting the application. Has anyone else encountered something similar? Any additional suggestions would be appreciated. Happy to provide diagnostic logs if helpful. Thank you!Item Category selected in Bills
Can someone please tell me which Category should be selected in a Bill for purchasing Inventory Items? I have some Bills that have selected the Asset Account Inventory and some that have selected the Cost of Goods Sold account Purchases and I cannot work out which account it should be. I have a Negative Inventory Balance and I suspect it is because the accounts are being used so I need to know which one it should be. I have checked my Inventory Items and I have selected the Inventory account for tracking inventory items, the Sales account for income and the Purchases account for cost of goods sold. In the Suppliers contacts, I have selected Purchases (Cost of Goods Sold Account) as the Expense Category. I have printed a Purchase Register Report to check previous Bills and I can see that some Bills the Inventory Account has been selected in the Item Category and in others it is the Purchases account. Which account should it be? ThanksMyob ver 17 initialisation error
Hi, I have been using Version 17 for a long time and it has been working Ok, I am a sole trader Electrical contractor, today I came home and MYOB was not running. Mostly my windows 10 desktop computer is never turned off except to reboot, but MYOB was running fine this morning, I use MYOB every day, Anyway when I came home MYOB was not running so I started it and it keeps coming up with initialisation error ??? All my business info is on there please help. I tried rebooting and makes no difference I have not been able to open MYOB by clicking on the MYOB icon for a few years but I can always start it by the following process.. Right click the MYOB icon and select properties Copy target C:\myob17\Myob.exe Paste this in Windows PowerShell ( press windows and X, then press A ) Hit enter and MYOB starts But today with no updates or changing anything it brings up the initialisation error Please help
Inventory Issues
Hi, I am currently having an issue witht he value of some of my stock. We buy a product from a company as a Z-KFE-1728-CH then when we sell one we build the product to a KFE-1728-CH. When we first started selling the products the company were still working out the price we would pay for the product so the first 4 months or so we put a zero value in the builds. Then when we started adding a value $517.39 in it would calculate the value at a higher price and staff did not adjust this to the right value. Hence now for this Z-KFE-1728-Ch product we now have a value of $99,526.42 for 64 items. as we pay $517.39 for each item the value for 64 should be $33,112.96. Snapshots attached below. After calling MYOB multiple times they suggested I do an adjust inventory for the difference in the two amounts ie $66,413.46. This made the current value correct. I also had to do this for 2 more products in the same company. The problem is now my account is saying the adjustment which equalled about $260,000 is throwing out our profit and loss so I have to delete the adjustments. The accountant suggested going back through each build to change the prices to the correct amount. This does not work because then I keep getting the error message saying your inventory or value can not be zero. Is there anyone out there who can help me with this? Or suggest a MYOB expert in Brisbane who could come and help me? DePez