Categories changed to cost centres in V2024.3
Hi, I have just seen the latest "Categories are now Cost Centres" AccountRight announcement that is available when we upgrade to 2024.3. Does that mean we can now run Balance Sheets for Cost Centres that actually work in AccountRight Live? The release notes suggest most Companies use this feature to track departments or cost centres. From my experience we use this brilliant feature in AccountRight Plus to track actual productions, which may be viewed as "departments" or "cost centres". But that means we have to report Balance Sheet for these "departments". Other Users, who were caught completely unaware at the inception of Account Right Live, were Companies who ran Trust Accounts (these also require Balance Sheet reporting for the "department" or "cost centre". Currently, AccountRight Live fails in Balance Sheet reporting as it does not "carry" the category across in EFTs, Superannuation payments, among others. Hence we are running Account Right Live for STP reporting, whilst still running AccountRight Classic (Rolls Royce of MYOB) for Accounting and Film and Terrestial reporting. Cheers, Bronwyn