MYOB Advanced Tips and TricksSharing our skills with the MYOB Advanced user community.
As your MYOB Advanced specialist, we bring together our skills and expertise with your understanding of your company, to improve your business’ systems. MYOB Advanced is Australia’s number one cloud-based ERP system. It streamlines processes, consolidates reports, automates workflows and allows you to manage your business the way you want. MYOB Advanced is a powerful ERP with extended functionality. If you are not utilising the software’s full potential, you could be missing out on valuable efficiencies. So we’ve put together these tips and tricks to boost your knowledge.
Kilimanjaro Consulting has a philosophy of making our clients as self-sufficient with their ERP systems as possible. Our MYOB Advanced Team have pooled their knowledge to share some insightful tips and tricks for you and your team.
Having the right help, tools and knowledge can make the difference between a good and bad day. We hope that this bank of resources provides that helping hand to guide you and your business through minimising errors, saving time, and improving business efficiency.
Make the most out of your MYOB Advanced with the following tips and tricks!
Since the upgrade of MYOB Advanced to version 2018.1, it is now possible to generate customer statements quickly and easily upon ad-hoc requests from customers. Here are step-by-step instructions on how to use this feature.
In 2018, the upgraded version of MYOB Advanced came with a new User Interface (UI) as an option. Some users may have been reluctant at the time to use the new User Interface for a lack of familiarity. Other users may have upgraded but are not aware of the finer details with the new User Interface. Read more on how to use the new user interface here.
MYOB Advanced is a cloud-based system that you can access remotely, anytime, anywhere. With this comes the need for complex security and permissions. Your data is accessible but more importantly, is it safe? Security features such as 2FA (2-factor authentication) were rolled out recently and are now automatically part of the login system. Another important feature that is often overlooked or simply not recognised is Row-Level Security.
With the release of version 2019, new functionality has been added into Generic Inquiries in MYOB Advanced. Customise your Generic Inquiries with these new functions to save time and improve the results from your reporting.
Fixed Assets Management in MYOB Advanced makes it easier to manage company assets and provides complete visibility and depreciation calculations. The newest version of MYOB Advanced saw the completion of the long-awaited additions to Fixed Assets module. This release adds functionality by completing work on the diminishing value and prime cost/straight-line depreciation methods for the Aust and NZ jurisdictions.
In the 2018.1 release in MYOB Advanced the added functionality of ‘Business Events’ has made a significate change to how businesses can operate. The Business Events feature can automate some of those day-to-day tasks. It has the ability to monitor specified data for changes and process certain actions as a result.
Posting directly to the General Ledger Control Accounts can cause imbalances between sub-ledgers and their respective balance sheets accounts. Introduced in Release 2020.3 MYOB Advanced now provides the ability to restrict direct postings of transactions such as journal entries to control accounts. Read more about how restricting control accounts can improve the use of your system.
As of MYOB Advanced version 2020.3, the use of corporate credit cards is now supported through the Expense Claim and Expense Receipt forms. This helps employees and your accounts department to categorise and track expenses. For example, an employee can buy something to charge to a project and pay for it with a corporate card. This article details the advantages of leveraging this function in MYOB Advanced, and how it creates efficiencies for employees.
In many ERP systems, managing inventory with multiple attributes can become challenging. In MYOB Advanced, both Stock and Non-Stock items can be flagged as Matrix items, enabling users to create a new set of stock items with ease by taking advantage of higher-level template settings. This article teaches how to use matrix items to make your simple work processes even simpler.
Want clarification on any of these tips and tricks?
Remember, if you have any questions about how to generate statements, the new User Interface, Row-Level Security, Generic Inquiries, or just a general query about anything from the above tips and tricks, our friendly MYOB Advanced team is always here to help. Call us on 1300 857 464 or send us an email at firstname.lastname@example.org or email@example.com.