Forum Discussion

HamzaMShoaib's avatar
HamzaMShoaib
Contributing User
17 days ago

Business with multiple branches

Here’s a polished and improved version of your question:

I operate a business under one ABN and ACN with two distinct locations. Each location has its own bank account for tracking income and expenses. Currently, I manage this setup with two separate MYOB subscriptions, but it has become increasingly inconvenient.

My staff work across both locations, requiring me to pay them separately from each MYOB account. Additionally, during BAS reporting, I need to manually combine data from two separate reports, with only a few being automatically consolidated.

I’m looking for a more streamlined solution. Is it possible to manage both locations, including their separate bank accounts, under a single MYOB subscription? If so, how can I structure this to:

  1. Maintain separate tracking for the financial health of each branch, and
  2. Analyze the overall performance of the business as a whole?
  • Doreen_P's avatar
    Doreen_P
    MYOB Moderator

    Hey HamzaMShoaib,

     

    Since you have multiple branches, each branch should have its own file. Managing both locations under a single subscription isn't possible in this case.

     

    Best regards,

    Doreen

  • HamzaMShoaib's avatar
    HamzaMShoaib
    Contributing User

    Is there a more efficient solution to measuring the overall health of the business, filing BAS reporting, paying staff who work across both locations?

  • HamzaMShoaib's avatar
    HamzaMShoaib
    Contributing User

    Also, what is the purpose of having multiple location option in MYOB teams if MYOB is unable to process multiple locations? Additionally, if I link 2 bank accounts to one MYOB subscription, can I track income and expense for 2 different bank accounts under one file?

     

    • Freman's avatar
      Freman
      Trusted Partner

      What you are asking for can be accomplished in Accountright.

       

       

      • HamzaMShoaib's avatar
        HamzaMShoaib
        Contributing User

        Will this only be in the desktop version or online as well?

    • Genreve_S's avatar
      Genreve_S
      MYOB Moderator

      Hi HamzaMShoaib,

       

      You can manage all your bank accounts and transactions with just one subscription. However, separating business reports by location can be challenging. The software doesn't have a feature to automatically separate reports based on location. It might be possible to do this manually, but it's best to consult with an accountant to figure out how to split the values from each business in the ledger.

       

      Regards,

      Genreve

      • Freman's avatar
        Freman
        Trusted Partner

        Why do you keep failing to recommend the MYOB product that achieves HamzaMShoaib requirements?

  • HamzaMShoaib's avatar
    HamzaMShoaib
    Contributing User

    So if I have 2 locations and each location has a bank account, can I connect both accounts to one subscription and just track the money going in and out of each bank accounts?

     

    I should be able to report on income and expenses to each bank account?