Tracking Outgoings

IntuitiveH
2 Posts
Cover User
IntuitiveH
Cover User

2Posts

0Kudos

0Solutions

Tracking Outgoings

My business has a number of tennants that I charge rent to. They are also obligated to pay a proportion of the outgoings (eg., councile rates, water etc). These expenses fall into a number of Expense Accounts in my accounts. At the end of the Financial Year I am required to get these expenses audited so I can report to the tennants.

 

I am currently recording these expenses in excel and in MYOB. At the end of the FY I reconcile excel to MYOB and then give the info to the auditor. This process doubles up on the data entry and seems to be a waist.

 

Is it possible to identify the expenses when they are entered into MYOB as an outgoing regardless of the expense account they are entered in. Then is it possible to run a report that isolates these invoices that are related to Outgoings?

2 REPLIES
IntuitiveH
2 Posts
Cover User
IntuitiveH
Cover User

2Posts

0Kudos

0Solutions

Tracking Outgoings

My business has a number of tennants that I charge rent to. They are also obligated to pay a proportion of the outgoings (eg., councile rates, water etc). These expenses fall into a number of Expense Accounts in my accounts. At the end of the Financial Year I am required to get these expenses audited so I can report to the tennants.

 

I am currently recording these expenses in excel and in MYOB. At the end of the FY I reconcile excel to MYOB and then give the info to the auditor. This process doubles up on the data entry and seems to be a waist.

 

Is it possible to identify the expenses when they are entered into MYOB as an outgoing regardless of the expense account they are entered in. Then is it possible to run a report that isolates these invoices that are related to Outgoings?

 

 

MYOB Moderator Neil_M
6,844 Posts
MYOB Moderator
New Zealand
Neil_M
MYOB Moderator

6844Posts

738Kudos

952Solutions

Re: Tracking Outgoings

HI @IntuitiveH

 

Welcome to the MYOB Community Forum, I hope you find it a wealth of helpful information.

 

One way to track specific types of expenses and income within your AccountRight file, is the use of Jobs. Jobs allow you to assign another code to expense and income transaction lines which you can report on through the various Job reports.

 

Jobs allow you to track specific expenses and income, even if they have been assigned to accounts with other transactions. You can find out more about Jobs on our help article, Jobs

 

Do feel free to post any other questions that you may have



Regards
Neil
MYOB Client Support
Didn't find your answer here?
Try using advanced search to find a post more easily Advanced Search
or
Get the conversation started and make a new post Start a Post