It would be good to have the ability to generate a Balance Sheet and P&L that shows prior period comparative data within Live Accounts.
If possible, the option to show additional columns such as $ movement or % movement would be helpful also.
Most accountants would find this helpful in analyzing the performance of a business.
"Balance sheet and Profit and Loss Comparatives"
Can we please have the Profit & Loss and Balance Sheet Reports updated so that they will have the option to show prior year comparative figures in MYOB Essentials? Every other MYOB product has this so not sure why this is not available for MYOB Essentials. We are having to export the reports to Excel to manually give comparatives and this very unproductive.
Hi
I have use ODBC to create a direct link to any myob data files, you can create a comparison using link to 5 different years if you wanted, enabling you to refresh your data with a click of a button.
You should look into it. If you need further assistance let me know.
Regards
LCD
I agree 100% with MeganP.
We need the option of prior period comparison figures in MYOB Essentials.
I posted some comments on a closely related topic elsewhere.
See:
Alan Bottomley.
Being able to print year on year comparitive reports for P&L and Balance Sheet are absolutely essential for any accountant to be able to work with the file.
You can do all of that now: Reports/P&L or Balance Sheet/Last Year Analysis. The reports compare the same date range this year with last yeare, including $ and % differences.
I can see this is available in AccountRight Live but haven't seen an option for this in Live Accounts.
I agree 100% with Davo76.
A prior period (typically same period last year) comparison column is VERY IMPORTANT to us, particulary for the P&L report.
In fact if this is not implemented by the end of this Financial Year it might be a deal-breaker. By that I mean that we may cease to use Live Accounts.
Live Accounts is fun to use and it has so much potential, but gaping holes like this badly need to be fixed.
Alan Bottomley.
Please MYOB Essentials software team ...
Can you please get something happening on prior period comparison figures.
The lack of this feature seems like a gaping hole to me (and to our Accountant).
When I signed up for MYOB Essentials I just assumed that this feature would be available, but it isn't. And even now, after 15 months of using this on-line software, I see that its status is only "Under consideration".
If the status changes to something like "being implememted" within the next few months then that would be great !
Otherwise I may have to ditch using MYOB Essentials which would be a great pity.
Alan Bottomley.
This Software is horrible!!
If you compare this software with Xero, it simply ridiculously hard to use.
Standard comparatives feature is something that is so essential that can potentially save hundred of dollars for client in Accounting Fees and It's still under consideration?
We will stop recommending MYOB software if this is not implemented in soon future.
Note: MYOB AO Tax is also full of bugs! I think MYOB team need work extra hard! We can potentially lose client just because the software does not work properly (ex cap gain etc).
Please and please and please help us to believe in MYOB again.
Hi Accountant-2015
Thank you for your feedback and voting for this idea. I have shared your thoughts with the team.
The normal process for an Idea posted on Ideas Exchange would go through a few stages. We would mark the post as "Under Consideration" and encourage users to vote and comment for this idea. If the idea does generate a number of votes and comments we mark it has high demand meaning we will investigate and attempt to implement that idea ahead of other ideas with lesser demand.
As of 23/02/2015 the Idea Exchange have had 46 ideas implemented from it and some of the ideas have been marked as Planned.
I'm sorry to hear that you have been having trouble with the software such as AO Tax. If you would like to post elsewhere on the MYOB Community Forum we would be more than happy to look further into those errors for you.
Hi Steve_M,
It seems people have been voting for reports to be available in Excel format for two years now, with very little progress, is there some semblance of a timeframe for this? PDF formats allow next to no ability to effectively analyse data.
Grant
Hi Grant05
Thank you for your feedback.
At this stage we don't have a timeframe for when this will be included in MYOB Essentials.
However in saying that certain reports like the Profit and Loss and Balance Sheet reports can be exported out using the XLS option from MYOB Essentials. The XLS option is in the top right of the report window in Essentials.
This would allow you to manually combine those reports to allow you to provide a comparison between periods.
It would be very helpful on a number of fronts to be able to export key reports to excel; not merely the single pdf format!
Likewise the Multi Period P & L Report is such a wonderful analytic tool in the other MYOB accounting products that it should be replicated in Live Accounts.
It's some the smaller/first time users attracted to LiveAccounts that need as much guidance and analysis as possible to ensure they grow and succeed.
The above enhancements would help immensely.
Any update on when this is going to happen MYOB?
