Ozchemist
Experienced Cover User
Joined 9 years ago
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Re: Can't Save a Custom Report
Thanks Princess, Unfortunately - we're running our MYOB install on a local server and the link you sent apparently requires a "Live" account. I've also sent a copy of the Stack trace to the MYOB boffins via the error popup screen - so maybe some help will emenate from there. Cheers, Ozchemist29Views0likes1CommentCan't Save a Custom Report
Hi, I'm trying to create a Custom Report from the Inventory List {Summary} report using some custom fields. The report will display in the preview screen, and will run and display to the screen, and the data can be exported to .csv, but when I try and save the Custom Report Template, MYOB freezes, kicks an error report, and requires a restart - viz: AccountRight Application Error Report ===================================== Application Version: 2024.8.1.5 Application File Version: 2024.8.1.5 Incident Id: cb5069aa-8c50-4ad4-9251-7b5299f04a14 Time: Thursday, 10 October 2024 9:24:15 AM Code: System.NullReferenceException Message: Object reference not set to an instance of an object. Stack Trace is attached. Can anyone advise please?50Views0likes3CommentsRe: Plant & Machinary Purchase with personal funds
More of a question for your accountant than for the accountancy program. Depends on how you want to handle it for taxation purposes (yours and the company's) and what the equipment is. a) You could loan the funds to the company (at zero interest), the company then purchases the equipment and repays you the loan funds out of (after tax) profit at some later date. The company has paid tax on profits, you pay no personal tax on monies returned to you from the loan. Set up a Liability for the money it cost you to buy the equipment (essentially creating a "loan" account) and an Asset for the value of the equipment. Pay down the Liability account with after tax profits, depreciate the Asset (depending on the value and type of asset). b) You could loan the funds to the company at an agreed interest rate, the company pays back the loan + interest - interest is an expense item for the company, while the premium is repaid out of profits. You pay tax on the interest you receive, but not the capital returned. Same structure as above, but with an "interest" account to manage the interest repayment as an expense. c) You could make it part of "shareholder's equity" in the business (there should be an existing account code) - to be recouped in a similar manner to (a) if you ever decide to do so.271Views0likes0Comments