Vary by department

Question

Hi,&nbsp;I'm rather new to MYOB so please excuse me if it's the wrong spot.My company is subdivided by 3 subsidiary's who each have their own branding and tracking. How do I import this division into MYOB so I can easily make invoices for each entity and keep track of income and expenses for each one to quickly address issue's?

earl_hd · Answer

Hi Danaclerking,Welcome to MYOB, and you’re in the right place.&nbsp;
Yes, in MYOB Business, you can track separate income and expenses for different entities or divisions by using categories. Categories let you assign transactions to a specific department, branch, entity, or cost centre, then report on each one separately.&nbsp;
A common setup is to create one category for each entity, then assign that category when entering bills, invoices, spend money, receive money, and journals. After that, you can run reports filtered by category to see the income and expenses for each entity.Please see these helpful articles for more information:&nbsp;Categories (Chart of accounts)
Tracking financial informationRegards,Earl&nbsp;

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