Trading Accounts not showing up in MYOB AE Reporter

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Watco
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Trading Accounts not showing up in MYOB AE Reporter

  We have come accross this a few times, but have ignored it in the past, but we are now looking for a solution. We have noticed when clients having trading accounts but no sales, for instance, they have just started a business or are in the land/building development industry, where they buy land etc and construction costs all go to a trading account, then the closing stock value goes in, the net effect of trading is nil, and we have notice when this occurs, nothing shows up on a profit and loss report, and despite trying many different things, nothing will ever show up on a profit and loss statement.

 

Here is an example:     Purchases:  100 000

                                      Closing Stock:            100 000

 

 Is there a solution for this?

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Jacko03
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Re: Trading Accounts not showing up in MYOB AE Reporter

Piece of cake, took 5 mniutes

MYOB Moderator MattN
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Re: Trading Accounts not showing up in MYOB AE Reporter

Hi @Watco

 

Thanks for your post.  Without knowing which source product (such as MAS, Accounts, AccountRight, Essentials etc) its hard to pinpoint an exact cause.

 

Are you reporting only only "header" accounts, then the movement of the COGS  is effective nil which would be correct.  

 

If you are using Accounts or MAS, It might be best to give our support team a call on 1300 555 666, and they can check the ledger and make sure that you have the apporiate reporting options selected.


cheers,

Matt
Product and Technical Specialist
Practice Solutions
MYOB Australia Pty Ltd
Watco
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Watco
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Re: Trading Accounts not showing up in MYOB AE Reporter

Matt,

 

 

I am using MAS and the accounts are not showing up in AE Report in the profit and loss statement.

Partner SabineBKM
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SabineBKM
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Re: Trading Accounts not showing up in MYOB AE Reporter

Hi,

I have called support and no one seems to know how to resolve this issue. Im using AE MAS (System Release).

Could you please list the steps to showing the opening and closing stock and their sub accounts for example 256 and 256 01.
MYOB Moderator MattN
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MattN
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Re: Trading Accounts not showing up in MYOB AE Reporter

Hi All,

 

please refer to Knowledge Base Article 28353 :  How do I ensure the Trading Profit and Loss Statement prints when generating a Profit and L... for info on how to configure this correctly.

 


cheers,

Matt
Product and Technical Specialist
Practice Solutions
MYOB Australia Pty Ltd
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