New reports
There are numerous new reports that provide more information that allows you to analyze your business activity.
Several of these present the results that are generated when you run the new Company Data Auditor. (The Company Data Auditor checks your company file and reports on a variety of criteria):
- Sales Tax Code Reconciliation report provides a summary of tax charged for the selected period and compares this with the balance of the appropriate tax accounts. If these amounts do not match, the report will display any transactions that could have caused the discrepancy.
- Receivables with Tax report displays the total of each customer's outstanding receivables and the amount of tax owed for each receivable. It is used to reconcile tax control accounts for cash-based tax reporters.
- Future Dated Transactions report (Accounts tab > Exceptions header) displays all the transactions that are dated after the current session date (or the selected As Of date, if it is earlier than the session date.
- Prepaid Transactions report (Accounts tab > Exceptions header) displays all customer payments that are dated before the invoice date and within the report's selected date range. The report excludes deposit payments that have a date prior to the invoice date.
- Debtors Reconciliation Exceptions report (Accounts tab > Exceptions header) displays the total of all the balances from all your customers and the current balance of the linked debtors account and compares them. If the comparison shows an out of balance amount, any entries to the linked debtors account that have been generated by a Nominal Journal entry or a Receive Money transaction are displayed.
Other new reports:
- Linked Accounts report (Accounts tab) displays a list of your linked accounts, organized by command centre.
- Audit Trail report (Accounts tab > Audit Trail header) displays changes made to your company file that were recorded by the Audit Trail Tracking system. It includes the date of the change, who made the change and what was changed. The changes are recorded only if you marked the Use Audit Trail Tracking selection in the Security view of the Preferences window. If the preference was marked for a portion of the date range you select for this report, only the changes that occurred while the tracking was active appear in the report. (Use the Audit Trail Tracking System to keep track of changes made to your company file)
- Cash Flow Analysis report (Banking tab > Cheques and Deposits header) forecasts cash needs for a specified linked checking account, based on information you've entered throughout MYOB FirstEdge. Information includes all recorded transactions, along with recurring transactions entered in the Banking and Accounts command centers. Recurring transactions entered in the Sales command centre will not appear in this report.
Unlike all other reports that you display and print using the Report Display window, the Cash Flow Analysis report is viewed and printed through the Cash Flow Worksheet window, where you enter the number of forecast days and review the worksheet. Add, change or delete entries on the worksheet and when everything is complete, click Analyze Cash Needs.
- Profit & Loss [Budget Analysis] report (Account tab > Profit & Loss header) compares your actual profit and loss for a specific accounting period with a depiction of what your profit and loss would have looked like if you had met your budgeted activity during the same period. It can be displayed using the cash basis or accrual basis accounting method.
- Recurring Transactions List report (Accounts, Banking or Sales tab > Recurring Transactions header) displays the names of each recurring transaction and for each one, the type, the frequency of posting, the date last posted, the next due date for posting, the kind of alert you receive and the number of posts remaining on the schedule.
- Recurring Sales Transactions report (Sales tab > Recurring transactions header) displays the names of each recurring sales transaction, the date last recorded, the frequency of recording, and the next due date for recording the transaction.
- Recurring Transfer Money Entries report (Accounts tab > Recurring Transactions header) displays the names of each transfer money transaction saved as recurring, the date last posted, the frequency of posting, and the next due date for posting the transaction. (A new Transfer Money feature is available)
- Statement of Cash Flow report (Banking tab > Cheques and Deposits header) displays the changes in cash and cash equivalents during a period.
- Tax Amount Variance report (Sales tab > Sales Tax header) displays the difference between calculated and posted tax amounts for selected transactions, sorted by tax code, dates and transaction type. This report does not display any item that has a variance of $0.00 (for example, a tax amount that may have been adjusted and then changed back to the original value).
- Undeposited Funds report (Banking tab > Cheques and Deposits header) displays transactions deposited to the Undeposited Funds account within a period range.
- The Transaction VAT Codes report provides a list of transactions showing the account default VAT code and the VAT code that was used in the transaction. With this information, you can quickly determine if the VAT has been allocated and calculated correctly.
