Hi Shawky
Thanks for your post. As we're not accountants we're not permitted to advise on how your file should be set up and transactions entered for your specific situation. You will need to discuss with your accountant the transaction types and accounts applicable for recording those super contributions.
Once you know what you need to record I'll be happy to help with how to do that in the software.
Please let me know if you need further help.
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.
Thanks
I understand that position, but find that a cop out realistically. MYOB is written and designed to handle accounting practices a particular way. There must be standard use cases for which you or another could quote or provide as a meaningful example.
My acocuntant will advise me if I have not set it up the way he/she would like.
However, it is reasonable to expect MYOB to describe a typical example of how one might handle use cases like:
Member benefits (I have placed them in liabilities, but not tested how that will pan out by comparing with the previous trustee's annual reports)
Member contributions (I have placed them under Equity, with current and historical, using a journal entry to reset current each financial year).
One of the few useful posts and I mean few, is the one I quoted above. A very good discussion and some alternatives presented. The posts described how to manipulate MYOB software to achieve a few outcomes. I did something very similar back in 2005 handling CFDs and Forex. It is a shame quality use cases are not available on this forum.
Anyway, I will percevere on my own.
You may close this ticket, but no, the answer is not acceptable. In my industry if I responded like that, I would be out of a job. It is disappointing that law and compliance place bricks walls up everywhere.
