Department reports in Statutory Reporter

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Contributing Cover User DonnaBruce
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Department reports in Statutory Reporter


We have a  client with two separate businesses and would like separate reporting for each.

 

Is it possible to create departmental reporting using statutory reporter.

 

If so can someone give guidance on how to go about setting this up.

 

Thank

 

donna

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MYOB Staff Post Kimberley_P
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Re: Department reports in Statutory Reporter

Hi @DonnaBruce,


Thank you for your query.

Before configuring a department make sure that your chart of accounts has been set up correctly to report in Statutory Reporter. You will need to determine whether you are using prefixes or suffixes to define the departments. From within the Client Accounting module, click Edit configuration details and select This ledger uses departments", then click on Edit department settings  to begin setting up your departmental ledger.


If you are using a MAS style chart of accounts and suffixes are used to define each department, you will need to select the option Sub Codes within in the Edit department settings window and enter the number of digits in the account code (number of digits before the the subcode). For example:

Department One:
   Name of Department One = 239 01
   Sales = 230 01
   Accounting Fees = 300 01
   Bank Charges = 309 01
Department Two:
   Name of Department Two = 239 02
   Sales = 230 02
   Accounting Fees = 300 02
   Bank Charges = 309 02

In this example, the number of digits before the sub code is 3. A dedicated account code (239) is used to define the department heading so in this example you will need to select the option to "Use the name of a specific account in the department". in the Edit Department Settings window.



If you are using an Accounts or AO General Ledger style chart of accounts and prefixes are used to define each department, you will need to select the option Prefix within in the Edit department settings window and enter the number of digits in before the account code. For example:

Department One:
   Sales = 1/230
   Accounting Fees = 1/300
   Bank Charges = 1/309
Department Two:
   Sales = 2/230
   Accounting Fees = 2/300
   Bank Charges = 2/309

In this example, the number of digits before the account code is 1. In this example, there is no dedicated account code used to define the department heading so in this example you will need to select the option "Use the name of the first account in the department" in the Edit Department Settings window.


You can find more information on setting up a Departmental ledger to report in Statutory Reporter on the Online Help website.

I hope this resolves your issue.

Kim

KFowler
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Re: Department reports in Statutory Reporter

Hi Kim

 

What if you are using the traditional MYOB AccountRight Live Chart of Accounts. 

 

So 1-0 are all asset, 2-0 liaibilities,  4-0 is income etc..

 

Is it  not possible without converting to AE Ledger?

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