Earl_HD
MYOB Moderator
Joined 2 years ago
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Re: Expense Account for Tracking Costs - how to link
Hi Trucn, Thanks for your response. The expense code 5-XXXX serves a specific purpose unrelated to Cost of Goods Sold (COGS) reporting. Therefore, using this code for COGS may disrupt established processes or reporting structures within your organization. The issue likely stems from how inventory items are configured in your Software. When an inventory item is associated with an expense code, it categorizes the cost as an expense rather than a part of COGS, which is typically linked to sales of inventory items. Utilizing an expense code for inventory items linked to 5-3301 could lead to discrepancies or inconsistencies in financial reporting, especially when analyzing COGS and expense data separately. To resolve this issue, ensure that inventory items are correctly linked to the appropriate expense code for COGS tracking. This will help accurately report expenses related to inventory. Feel free to post again, we're happy to help! If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information. Regards, Earl0Views0likes0CommentsRe: I have a receipt that was part of a direct debit process. The bank rejected the amount . How do i post the rejected receipt whilst keeping the original
Hi SharonMaguire, Thanks for your detailed post. The workaround for this is to reverse the payment by recording it as an identical previous transaction but with negative values. For more detailed instructions, please refer to this help page. Rejected electronic payments Feel free to post again, we're happy to help! If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information. Regards, EarlRe: Is it possible to update just the due date for purchases in MYOB AccountRight via API?
Hi Radha_ems, Thanks for your post. Yes, you might find an Add-on that can help with that. Please refer to this help page for available options Apps for Accounting Software - MYOB. Alternatively, you can also export and import the data as another solution. Importing and exporting data Feel free to post again, we're happy to help! If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information. Regards, EarlRe: Using MYOB to record Realestate Trust Transactions
Hi deanradice, Thanks for your post, and welcome to the Community Forum! Selecting the appropriate MYOB subscription hinges on your business's individual needs. Given your mention of sales with a low transaction volume, the Lite version subscription may be a good fit. Additionally, there's a 30-day free trial available for this subscription. For further details, refer to this help page. MYOB Business Lite. Feel free to post again, we're happy to help! If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information. Regards, Earl5Views0likes0CommentsRe: NOVATED LEASES FOR EMPLOYEES
Hi Janelle, Thanks for your detailed post. When you begin a novated lease agreement with an employee, your MYOB software will guide you through a one-time setup process. This streamlined setup covers everything you need, with most tasks automated for your convenience. For detailed instructions, refer to our help page on this topic. Novated car leasing. Feel free to post again, we're happy to help! If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information. Regards, Earl6Views0likes1CommentRe: Impossible to contact MYOB with a query that does not appear on their "list" Asked to speak to a human and was advised only available between 9am and 9 pm , its two o'clock in the afternoon! ! How c
Hi Hcbp, Thanks for your detailed response. Sure, If you need more assistance, please don't hesitate to reach out. We're here to help, and someone will be glad to assist you further. If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information. Regards, Earl7Views0likes0CommentsRe: ABA
Hi NoobwithMYOB, Thanks for your post, and welcome to the Community Forum! Please see this help page Suncorp bank help and Support. Feel free to post again, we're happy to help! If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information. Regards, Earl1View0likes0CommentsRe: MYOB PayBy
Hi ClaireL, Thanks for your detailed post. Typically, matching invoices is simpler when they're still open. However, with MYOB Payby transactions, these invoices will be closed but will remain in the undeposited funds until they're deposited into your bank account. Additionally, a properly configured MYOB Payby lump sum transaction should automatically match itself to the Bank Feed. Explore our help article on managing online invoice payments, including information on MYOB Payby and guidelines for reconciling these transactions. Feel free to post again, we're happy to help! If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information. Regards, EarlRe: Death of Employee
Hi cramptons, Thanks for your post, and I'm sorry to hear that. Please take a look at the ATO website for comprehensive information on the issue at hand, specifically regarding the Death of an Employee. It's a valuable resource that can provide assistance in this situation. Additionally, I recommend reading this help article for detailed guidance on managing the final pay for the employee. Processing a final pay. Feel free to post again, we're happy to help! If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information. Regards, Earl4Views0likes0Comments