43 Comments
- may_llCover User
Auto reversing journals in AccountRight should be a standard feature.
Please seriously consider putting that feature in (Xero has it)
Another MYOB update yet still no function to reverse a journal. MYOB, surely its not that hard to develop this, its 2019 and we still have to reverse a journal. The first comment goes back to 2014 and yet still nothing done. Frustrating.
- SppokleExperienced Cover User
Monthly Reversing Journals
Part of being an accountant is entering a journal for accruals and others, with the option of it being a reversing journal, whether it be for accruals or revaluations of investments/foreign currencies etc. Other accounting packages allow this to be ticked and it automatically reverses the following day.
- may_llCover User
Totally agree - all the othermajor accounting software companies have that basic accounting facility
- chwCover User
each month, we need to write jounrals for some accruals/un received bills before month end cut off time. then this jounral need to be reversed at beginning of next month.
i am using XERO as well, when put manual journals in XERO, there is a box for "auto reverse on xx date", this is very useful "box"/function. 1, it is save time, 2, it is improved accuracy.
is it possible to have same "box" in MYOB. it will save a lot of time for this kind of journals.
- RhondaMPPartner
This function should have been implemented years ago.
It's very frustrating that we still can't do it when a lot of other software packages can.
- Kym__YeowardUltimate Partner
Feature requested by year-end accountants:
Could we have a tick-box in the Recurrent Transaction - General Journal window, for the recurrent transaction to be posted with reversed figures ?
Situation: Accountants often raise general journals at the financial year-end, which need to be reversed on 1st or 2nd July in the new financial year. Mainly accrued income or expenses, plus provisions. It would be handy for them to be able to just "tick & flick" a recurrent transaction, to enter it on the 1st or 2nd with reversed figures.
Xero and Attache have this feature - saves time for busy practising accountants.
Kym Y, CPA & MYOB Advisor
Darwin (Palmerston)
- Steven_MFormer StaffStatus added:Open
Thank you for additional comments on this particular idea. We have moved this idea from an old status Clarification Needed to our new status of Open. For more information on Idea Statuses, please read this article: Changes to our Idea Exchange pages
- nzuserExperienced Cover User
Why hasn't the automatically reversing journal feature been added to AR Live yet? Xero have the ability to do automatically recurring and reversing journals, it saves a lot of time.
- Fernh18Cover User
AccountRight needs to include the automatically reversing journals in MYOB feature to reverse month end accruals?
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