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TheRob's avatar
TheRob
Trusted User
1 year ago
Solved

GP based on GST excl. sell and GST incl. cost

Have I done something wrong in my MYOB setup? When I look at Business Insights Item Profit margin it shows the Sell Price excluding GST, but the Buy price is Inclusive of GST. The screen shots below...
  • TheRob's avatar
    TheRob
    1 year ago

    After consulting with the Product Specialist, he confirmed that the MYOB calculation is wrong, and has been for many years, but seemed disinterested in doing any more than referring it to the development team to consider. I guess I wait and see how long, if ever, MYOB take to fix this accounting error in the Business Insights section of their accounting software. 

TheRob's avatar
TheRob
Trusted User
1 year ago

After consulting with the Product Specialist, he confirmed that the MYOB calculation is wrong, and has been for many years, but seemed disinterested in doing any more than referring it to the development team to consider. I guess I wait and see how long, if ever, MYOB take to fix this accounting error in the Business Insights section of their accounting software. 

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