Forum Discussion

julie-d's avatar
julie-d
Experienced Cover User
2 years ago

Problem with Balance Sheet Report since latest upgrade

I use MYOB for multiple companies with separate emails and logins.

 

2 x Companies transactions are not updating to the balance sheet and/or P&L reports

  1. In one, the 30 April reports are missing information.  The Balance sheet is not including the Accounts Payable and the P&L is not including the matching expense transation.  This relates to unpaid supplier invoices (bills) entered last week prior to doing the BAS.
  2. In the other, The Balance sheet 30 Apr shows amounts that should not be there; (a) Accounts Payable ($137.77) and (b) GST Paid ($16.66).  When you click into these amounts the balances are zero but the balance sheet incorrectly shows both of these as negative amounts.

Any suggestions to fix these problems anyone?

2 Replies

  • Princess_R's avatar
    Princess_R
    MYOB Moderator
    2 years ago

    Hi julie-d,

     

    Thank you for reaching out.

     

    It seems like there might be a complex issue with the Balance Sheet Report that requires further investigation. The discrepancies you're noticing might be due to how transactions paid at future dates are reflected in the unpaid payables/receivables reports. 

     

    To ensure accuracy, we recommend comparing the balances on your balance sheet's payables/receivables accounts to their respective payables/receivables reconciliation with tax reports balance. When these are run on the same date and use the same accounting method, they should align. If not, could you please send me a private message with screenshots of both the Balance Sheet and P&L reports, highlighting the discrepancies?

     

     

    Feel free to post anytime you need further assistance.

     

    Cheers,

    Princess

  • JulieDj's avatar
    JulieDj
    Experienced User
    2 years ago

    Hi Princess

     

    Thanks for your reply.

     

    Re - point 1

    These Supplier Invoices don't show on the GST reports as I use Cash Method and they are unpaid.

     

    How can I send you a private message or contact you outside of the forum?

     

    Cheers

    Julie D

     

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