At the end of the reporting period, we need to be able to find out the GST in the unpaid invoices and unpaid bills.
In AccountRight, this is the Receivables with Tax and Supplier with Tax reports.
The only way I can get this in Essentials for debtors (Where I only have 1 account that has no tax) is to run the GL for that sales account as accrual and then as cash, the difference is the amount that is in the debtors total. Because we have started using Essentials this year, this is currently working although time consuming.
With the creditors this is a nightmare. I have to print a list of the unpaid bills, then look at every bill ( i have four pages this month) and work out which have tax and which have no tax to work out my adjustment.
I have to do this at the end of every month for our reconciliations. Surely you can add this report to Essentials. I can see that this has been raised before, but the MYOB person who has responded by suggesting running the GST report as accrual and then cash obviously does not understand the problem.
Any essentials client who has an accountant trying to reconcile between accrual for their financial statements and cash BAS lodgements will require this report at year end at a minumum.
Can we please have an Unpaid invoices with Tax and Unpaid bills with Tax report in essentials.
'need a report to show the tax amount in the unpaid invoices and unpaid bills"
- Steven_M10 years agoFormer StaffStatus changed:NewtoOpen
Hi Joanne_Groves
Thank you for your idea in relation to Essentials and an Unpaid invoice and bills report with tax.
I would encourage other users that would like to see an unpaid invoice and bills report that will show the tax amount to vote and comment if required for this idea. - MMacc9 years agoExperienced Partner
I completely agree with Joanne. I use those reports every quarter and at the end of every year to ensure the GST accounts are reconciled. Essentials is so efficient but this is going to be a real pain if you can't produce a report that shows how much GST is in debtors & creditors.
- Ashleys7 years agoCover User
We badly need this report. Most small business clients using MYOB would have financials prepared on an accruals basis and GST prepared on a cash basis. For those clients this report is essential (isn't the name of this product MYOB ESSENTIALS?) to be able to properly reconcile GST accounts in the financials and pick up if there is any unclaimed GST from previous quarters.
I note that a 'with tax report' is available for the Sales Reconciliation and Bills Reconciliation reports in MYOB Account Right and Xero. Come on MYOB, surely this report would be easy to create for MYOB Essentials!!!
- Em212136 years agoCover User
Hi there, this would be very useful for our Practice as well.
- Jemma12346 years agoCover User
I also think this would be great. It is painful going through every single transaction.
- Jemma12346 years agoCover User
Has there been any further progress with this. This is something that essentials is really lacking compared to MYOB AccountRight.
- Emiller5 years agoUser
Would be great if this report could be made available on Essentials
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