MYOB have built-in reports that enable you to analyze the Profit and Loss statement for your company. These reports are found on the Reports window right below the main command centre as per screenshot below You will be directed to the Reports window and you click on the Accounts tab as shown in below screenshot: […]
Most often, successful bookkeepers and accountants prepare a monthly accounting checklist for them to be able to organize accounting activities and leave little or no room for errors or omission in carrying out their job. If you are a full-scope accountant handling all accounting works from accounts receivable, accounts payable, monthly reconciliation, adjusting entries, financial […]
This article aims to discuss the methods of reconciling your physical inventory count versus your MYOB system inventory balance. MYOB uses the Perpetual inventory system in accounting for inventory. It would be good to have the inventory items reconciled based on MYOB inventory balance and the physical count. If there are variances, the best way […]
Time flies so fast- it seems like only just yesterday we were having great times enjoying our holiday vacation for the new year. Now, we are back to reality, having to face the challenges of keeping our business transactions up to date and preparing to do the year-end procedures for accounting. One or few of […]