Accounting & MYOB Integration
- Synchronise with MYOB effortlessly. All your sales, debtors, stock value, purchase orders, customer payments – they can be imported into MYOB with the push of a button. Perfect for your accountant and book keeper. No re-keying of data is required.
- Debtors reports can be generated as required, from any web browser
- Payment Summary reports to reconcile income for any / all stores can be done from any web browser
The Retail Express MYOB Integration can be used in two ways depending on how much information you want to bring into MYOB from Retail Express.
| Information | Detailed method | Summary method |
|---|---|---|
| Sales | Each individual order/invoice is imported into MYOB, with invoice line items. | A consolidated journal entry is created for all sales processed in a day. |
| Cost of Sales | A journal entry to recognise cost of sales is created for each individual invoice. | A single consolidated cost of sales journal entry is created for all sales processed in a day. |
| Customer Payments | Each individual payment is imported into MYOB and allocated against an invoice. | A consolidated 'Receive Money' journal is created for all payments received that day, for each deposit account. |
| Purchase Orders | Each individual Purchase Order is imported into MYOB, with invoice line items. | Same as Detailed Data method. |
| Stock Adjustments | A journal entry for each individual stock adjustment is imported into MYOB. | A single consolidated journal entry is created for all stock adjustments processed in a day. |
| Usage | Use the Detailed Data method when you want to track Accounts Receivable in MYOB, and track sales by customer in MYOB. | Use the Summary Data method when you want to track Accounts Receivable in Retail Express, or your business does not sell goods on account, and you just want to upload minimal information into MYOB. |
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