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| Thread ID: 79110 | 2007-05-08 10:48:00 | Anyone on here use MYOB Cashbook? | littlemissmarz (11897) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 548324 | 2007-05-11 13:21:00 | I use MYOB Accounting It has all the income and expenditure categories, there are numerous templates already provided, you just pick the one appropriate for the business type and it has codes for all categories (plus you can customise it). Payments are recorded by type. Mine is not a cash based business though, cash is never handled, accounts are sent and (hopefully) paid. All payments are direct credited to my bank. Its is convenient as similar to the above comments my accountant just gets a copy of the file at the end of the financial year. Based on the price of cashbook, I suspect it may not be what you really want, you may have been better off with the next one up, Business Basics? |
godfather (25) | ||
| 548325 | 2007-05-11 14:22:00 | There are some excellent course you can do on MYOB, I suggest you research that area, and learn to use this excellent accounting software properly. You can allocate expenditure to your various expense centres - you will need to set up a chart of accounts applicable to your business. You will find the money you spend on a course is well worth it - the more you can do for yourself, the less you have to pay your accountant. Also the cost of the course will be tax deductible expense under the expense item of staff training. |
KenESmith (6287) | ||
| 548326 | 2007-05-17 08:54:00 | I use MYOB Accounting It has all the income and expenditure categories, there are numerous templates already provided, you just pick the one appropriate for the business type and it has codes for all categories (plus you can customise it). Payments are recorded by type. Mine is not a cash based business though, cash is never handled, accounts are sent and (hopefully) paid. All payments are direct credited to my bank. Its is convenient as similar to the above comments my accountant just gets a copy of the file at the end of the financial year. Based on the price of cashbook, I suspect it may not be what you really want, you may have been better off with the next one up, Business Basics? If you have been using MYOB, could you please tel me a couple of things: Can I create 2-3 different "classes"(entities) in the one file so I can have only one or two bank accounts and have two businesses that can then extract the necessary data(like GSt e.g.) How easy is it to setup categories? Do you know what I mean? A reply is very much appreciated. Thanks G |
notechyet (4479) | ||
| 548327 | 2007-05-17 23:05:00 | You can create multiple "companies" in MYOB and do the transactions completely independedly from other "company" files. There is a limit to the number of "company" accounts available by licence in a single use environment from memory. I only use one though. A call to MYOB would find out how may are allowed, the help file does not tell me. [edit - the manual does state it, it states 5 company files are allowed without a license extension, each file must be "activated" with MYOB when created, a bit like activating Windows or Office.] |
godfather (25) | ||
| 548328 | 2007-05-18 03:01:00 | You can create multiple "companies" in MYOB and do the transactions completely independedly from other "company" files. There is a limit to the number of "company" accounts available by licence in a single use environment from memory. I only use one though. A call to MYOB would find out how may are allowed, the help file does not tell me. [edit - the manual does state it, it states 5 company files are allowed without a license extension, each file must be "activated" with MYOB when created, a bit like activating Windows or Office.] godfather Thanks for the reply. A couple of points; I want to have two or three entities in one file. For that I would create the same amount of say"classes" and when I want something like the GST from one of them, I extract from the relevant entity (class). Does that make sense? Anyway that is how it is working in Quicken cashbook. Do I have to create those classes in the GST or other codes/lists/categories? Now coming to calling the MYOB support; I have written a few emails for information requests before I buy. Any replies I have received are rather marginal. Is there anywhere a decent Manual for the MYOB cashbook available? Thanks G |
notechyet (4479) | ||
| 548329 | 2007-05-18 04:19:00 | I would also go for the excel/spreadsheet solution. if your accountant can't use a spreadsheet you have a bad accountant, if your accountant insists on you using a proprietary accounting prog. are they willing to pay for it? If your using MYOB then why do you even need an accountant. the tax rules in this country are so simple you could scribble the needed info on the back of an envelope. Ask surfer joe about tax returns, you'll be astounded what they have to go through in the U.S and A :cool: | JackStraw (6573) | ||
| 548330 | 2007-05-18 04:30:00 | JackStraw One of the good things about that sort of software is that you can download/import transactions. Another is that with reports you can make it visible, and quite fast, any category expenditure income as needed/wanted. Also GST I gues the interface just covers the "excell" and is , maybe, more easy to handle. Have you got a spreadsheet programed that you can use it in such/or similar way as above? Thanks NT |
notechyet (4479) | ||
| 548331 | 2007-05-18 06:06:00 | godfather Thanks for the reply. A couple of points; I want to have two or three entities in one file. For that I would create the same amount of say"classes" and when I want something like the GST from one of them, I extract from the relevant entity (class). Does that make sense? Anyway that is how it is working in Quicken cashbook. Do I have to create those classes in the GST or other codes/lists/categories? Now coming to calling the MYOB support; I have written a few emails for information requests before I buy. Any replies I have received are rather marginal. Is there anywhere a decent Manual for the MYOB cashbook available? Thanks G I think you really need to talk with an MYOB support agent, most towns (even smaller ones) have them. I cannot quite imagine what you want, but trying to "subdivide" GST calcs within a single business file sounds a little outside the way things may be designed to work. It possibly can be done but I would not provide any advice, simply because I would not consider doing it that way. |
godfather (25) | ||
| 548332 | 2007-05-18 08:04:00 | I was looking for being able to select A) what category it comes under such as office expenses, vehicle, food, etc ... and also be able to select whether it was paid by creditcard, cash, chq etc. Guess you can't do that. You have it ar$e about face. First you have to tell it the type of transaction you are entering eg cheques. I presume you have a chart of accounts set up (the categories you are looking for). Have a look at the maintenance menu, maintain chart of accounts. |
wotz (335) | ||
| 548333 | 2007-05-19 00:17:00 | "Have you got a spreadsheet programed that you can use it in such/or similar way as above?" Yes I have. But I suppose it's because I enjoy the challenge of building stuff like that, you can derive a great deal of satisfaction from such a project and it is eminently useful. I had a look at MYOB and found it to be far too complex for what was needed from a sole trader/self emloyed perspective. |
JackStraw (6573) | ||
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