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Do not delete this page - MYOB Practice navigates to it from within the product


In the Financial reports page, you can produce reports to show the financial activity of an entity. Data for the financial reports come from the underlying ledger. You can navigate to different pages such as balance sheet or income statement, and edit paragraphs in the pages like notes to the financial statement and compilation report.

To access financial reports
  1. Open a client and click Compliance on the menu bar.
  2. Select the tax return that you want to work on.
  3. Click the Financial reports tile.
Understanding the financial reports page

Label
Page function
Description
A

Non-financial data

Select to open a new browser tab and enter non-financial data like client details, addresses, and important dates. To change details, go to AE/AO.

BContents

Select the page name to go to page you want to see. You can edit any report that has paragraphs.

CPolicies and notes

We've included default Accounting policies and other notes to your report.

Select Show optional policies/Hide optional policies to see/hide the full list.

D 

Click the plus icon () to add the accounting policies to the Notes to the Financial statements.
To remove any policies, select the cross icon ().

E 

Click the plus icon() to add the Other notes to the Disclosure notes.
To remove any notes, select the cross icon ()

To go back to the default options, select Reset to default selections.

To edit the paragraphs

We've provided default paragraphs for the reports but you can edit the paragraphs to customise for your practice. The changes will apply to that client only.

  1. Under Contents, select the report you want to edit.
  2. To start editing, click anywhere in the paragraph.

  3. To merge fields from the ledger data or from the contacts, type { and select from the list of fields.

  4. Make your changes and click Save.

To restore to default paragraphs

If you see an information icon in a paragraph, it means it's been edited. To remove your changes and reset to the default paragraphs, click on it and select Reset to default.

Viewing reports in PDF

To download the reports in pdf, click View reports (PDF) on the page.