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Product Ideas

Report: Profit & Loss [Budget Analysis] - Include year-end adjustments

Experienced Partner

62Posts

12Kudos

0Solutions

62 Posts
Experienced Partner
Australia

Can we please have the option to include the accountants end of year adjusting GJ in the budget analysis report.  Currently when we run this report the actual end of year net profit is wrong  Smiley Frustrated  

 

It is a waste of time to have to export to excel and manually adjust the amounts.   


"Budget Analysis"

Current Status: Open
Last Changed: October 2015

Hi @LeanneM

 

Thank you for your feedback in regards to AccountRight and the Budget Analysis reports.

I would encourage other users that would like to see the year end adjustments included in the Profit and Loss Budget Analysis report to vote and comment if required for this idea.

4 Comments
Steven_M
MYOB Moderator
44,198 Posts
MYOB Moderator

Hi @LeanneM

 

Thank you for your feedback in regards to AccountRight and the Budget Analysis reports.

I would encourage other users that would like to see the year end adjustments included in the Profit and Loss Budget Analysis report to vote and comment if required for this idea.

Locky
Experienced Partner
16 Posts
Experienced Partner

This is a shortcoming in the reporting. Most other Accountright P&L reporting options have a default of including year end adjustments with an option of excluding them whereas the budget analysis report is provided on a cash basis only. Organisations operating on an accrual based accounting system must, as we do, have to duplicate a fair amount of effort in creating the report outside of the system in a spreadsheet. Can't possibly be that hard as the option exists in the other reports. 

PGoonting
1 Post
User

We use the MYOB Accounts budget Module and found that we are not able to produce a budget report with year end adjustments included.

 

The Profit & Loss Statement report to the Profit & Loss [Last Year Analysis] report has a filter to "Display Transactions" and the options are "All", "Exclude Year-End Adjustments" and "Year-End Adjustments Only".

 

However, the Profit & Loss [Budget Analysis] report does not have the "Display Transactions" filter.  Can this be added to the filter tool bar for this report?

 

The rationale for the request is that when the organisation concludes its end of financial year including year end adjustments, the Profit & Loss [Budget Analysis} report cannot be run so as to determine how the organisation performed against budget with year end adjustments.   It would also help budgeting improvements to allow for end of year adjustments to be recognised for budget purposes.

 

 

 

 

MGCCI
2 Posts
Cover User

MYOB would be great to have the budget analysis with the end of year adjustments please.


@LeanneM wrote:

Can we please have the option to include the accountants end of year adjusting GJ in the budget analysis report.  Currently when we run this report the actual end of year net profit is wrong  Smiley Frustrated  

 

It is a waste of time to have to export to excel and manually adjust the amounts.   


"Budget Analysis"