If you are a business owner without any idea or working knowledge on the balance sheet reports, what reports to ask your accountant or bookkeeper for details and when is the time to raise your eyebrows on seeing the accounts and the amounts on balance sheet report. First and foremost, you have to know what […]
Want to get sales report showing the items sold? MYOB have built-in Item Sales reports that that enable you to analyze a wide range of items sales transactions. You can generate these reports through the Reports – Sales – Item feature: In the Reports window, go to the Sales and select Item per screenshot below: […]
One of the most challenging tasks in accounting for retail business is to determine the cost of goods sold or the cost of the products sold. In simple retail setting, the cost to purchase the products for sale is usually the cost of the product sold. Of course, you should not include the purchase tax […]