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Share your ideas for improving the new AccountRight. Vote on ideas and discuss them with the MYOB product development team.
I think that there needs to be a facility with MYOB AccountRight for entering automatically reversing journals.
This would be a great feature and one that lots of MYOB users would appreciate as reflected in the forum.
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Thanks for your response @David_Cree
I leave the option for transactions to be changed open, as there's just me here so I'm not concerned about things changing without my knowledge... so I guess when I want to reverse a journal (I'm thinking in regards to month-end accruals), I could tick this option for transactions to be unchanged, and then reverse the journal, then untick it again. Not ideal and would be better if you could still reverse them regardless of whether that option was selected, but I suppose it's a work-around for now.
Hello Sally @SallyIMH
Yes you need to turn it on & off.
May I know is there a way to automatically reverse prior month's journal entry (eg accrual journals) in the current month please? Thank you!
AccountRight needs to include the automatically reversing journals in MYOB feature to reverse month end accruals?
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.
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
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.
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.
Totally agree - all the othermajor accounting software companies have that basic accounting facility
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