36 Comments
- Liam_MFormer StaffStatus changed:NewtoOpenThanks for your great suggestion regarding reporting Tricia. To clarify there are a number of reports that can already be run for any period. For instance most sales and purchases reports can be run for any period. However there are also a number of reports (like the profit and loss report and general ledger reports) that can only be run for restricted periods. Anyone who would like to see these restrictions lifted in future versions, please cast your vote for this idea.
- DebraAndersonExperienced Partner
Absolutely!!!! I was under the impression that one of the major benefits of this new SQL platform was so we could have this capability.
- Steven_MFormer Staff
Hi DebraAnderson
Thank you for voting and commenting for this idea. I've passed your feedback.
The SQL platform (AccountRight 2015) retains that data rather than the Classic versions which you could purge that information out. So as the data is in the system it is in theory possible for the program to pull that information like the sales/purchase reports. However its those restrictions for current, last and next financial year that are stopping them from getting pulled. This Idea has been suggested to removed those restrictions so you can get those financial reports for historical years.
Once again thank you for voting for this idea and your feedback. - DuncanSTrusted Partner
Steven,
I understand Xero does have Multi Year Reporting up to seven years.
One would think it was paramount for MYOB to match Xero's reporting.
Can you confirm whether MYOB Tax software has a 5 year P&L as mentioned to me by a MYOB representative at MYOB Connect in February 2016.
One of the difficulties is that Tax Agents only report using Current and Current -1.
If MYOB has a 5 year P&L in its tax software, why is it not utilised by Tax Accountants?
One can only hope that Tax Accountants concentrate on ongoing business and tax advice and not historical tax compliance.
Duncan Smith
Business Advice + Tax
- Steven_MFormer Staff
Hi DuncanS
Accountant Division products are not my speciality, I work mainly with the AccountRight programs.
However my understanding after speaking with the Accountants Division team is that with the Accountant Office Tax program you can display most reports for the period of 2010 - through to the current tax year. It would be on a per tax year basis not across the full financial years i.e. you can't do one single report for 2010 to 2016. - DuncanSTrusted Partner
Steven,
Thanks for the update on Accountants Office.
I do believe that MYOB should be working on a 5 year P&L as a matter of urgency.
One does wonder if old style Tax Accountants would use it.
It may be that the government should change the reporting format/standards.
Duncan Smith
Business Advice + Tax
- Lyn_WilliamsPartner
The GST Detail report doesn't show details of the past financial year.
My file is 2016.2 and current year is 2017 but cannot look at GL Detail for 2016 financial year. Even though the data doesn't purge from 2016.
I would like to be able to group accounts together and see the gl total for multiple accounts in 2016 for a prior year while listing totals at period end etc which would be the GL Detail Report. Can this be fixed please in 2016.
You can use the GL transactions (Accruals) but this doesn't list totals for the period which is a big help in budgeting.
thank you
Lyn Williams
CC
- StephennnnCover User
When will this ridiculous notion of only being able to produce P & L reports in this manner be dropped so that reports can be done across whatever period is chosen, whether it is older, more current, or across financial years?
- GoodoCover User
Based on the fact that the ATO requires us to be able to provide / keep financial records for 5 years and payroll records for at least 7, it seems bizarre that we can only access reports for 1 year of historical data. Without saving copies of the reports at the time, what are we meant to do without having to restore backups which seems to be a waste of valuable time.
- StephennnnCover User
I have to agree completely with Tricia. These reports should simply be available in the MYOB software with the requirement for add on.
The MYOB response is typical of a software company not bothering to listen to its users. They state themselves that there are many reports that can be run for any period. OK, so the data is there. Why would this data not be available for the most basic of reports - a Profit and Loss Account?
- StephennnnCover User
The restriction on reporting by Last Year This Year and Next Year really needs to go.
Users and their accountants often require balance sheets and profit and loss accounts for multiple prior years, either to analyse, generate reports for bank finance purposes or for preparing a business for sale.
The data is already retained in the MYOB file - for example you can run a sales register report for any selected period. You should not have to access prior year back ups and/or perform multiple roll backs.
Further, cross period reporting should be enabled eg to run calendar year reports, or FBT year reports.
It should be a simple simple fix that MYOB continues to ignore. As as an accountant in public practice this singular issue has me recommending Xero & Quickbooks.
MYOB, please start to listen. The development time to implement this must surely be negligable but would have a significant impact for your users.
- StephennnnCover User
The restriction on reporting by Last Year This Year and Next Year really needs to go.
Users and their accountants often require balance sheets and profit and loss accounts for multiple prior years, either to analyse, generate reports for bank finance purposes or for preparing a business for sale.
The data is already retained in the MYOB file - for example you can run a sales register report for any selected period. You should not have to access prior year back ups and/or perform multiple roll backs.
Further, cross period reporting should be enabled eg to run calendar year reports, or FBT year reports.
It should be a simple simple fix that MYOB continues to ignore. As as an accountant in public practice this singular issue has me recommending Xero & Quickbooks.
MYOB, please start to listen. The development time to implement this must surely be negligable but would have a significant impact for your users.
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