It would be great to see a Cash Profit & Loss budget analysis report added.
I prepare my budget on a cash basis however many of my clients pay their invoices anything between 7-30 days. I'm ...
Hi MYOB
It would be good to have a Budget Analysis report for both Accruals basis (already exists) and additionally add one for a cash basis. It seems a lot more useful to compare a budget which is generally formed on a cash basis, with cash basis figures.
Cheers
Hi Chrissmith,
Comparing Accruals and Cash to Budget is definately an important thing to do.
In the mean time, there are many third-party addons that may be able to do the trick. You can find them here. http://myob.com.au/addons/
Accounting Addons have developed product called BudgetLink which can compare ACCRUALS and CASH to BUDGET. You can find more information about it here. http://accountingaddons.com.au/budgetlink/
I hope this helps.
Nic
Just wanted to draw to your attention that there is a cash basis account transactions report under the Small Business reports. However, this report needs attention. The accruals version of this report allows me to search on any account. The cash version only allows searching on the accounts already covered by the Profit and Loss report.
I'm desperately hoping that a tweak to this existing report will be actioned quickly.
Just last financial year I changed over from Quickbooks and now that I have data in MYOB and I want to interrogate that data I am bitterly regretting that choice. The MYOB reporting is shockingly inflexible compared to what I am used to. Do MYOB realise just how far they are behind their competitors in terms of reporting??? So many other areas of functionality are excellent but reporting really is the MYOB downfall.
Lyn
Thank you for your feedback in regards to the reports offered by AccountRight in particular the Account Transactions [Cash] basis report.
By default this report is aimed at displaying values for Profit and loss accounts as these are the accounts primary affected by cash amounts (opposite side of the balance sheet account). However previous versions of AccountRight, such as AccountRight 19, did allow for Balance Sheet accounts to be selected, if selected individually, as an added extra. This is something that may be looked into for the future to bring it in line with previous versions.
