Hi, I'm looking for help on how effective MYOB can be for doing reports of expenses vs budgets.
I'm not an accountant however I have a role in looking after clients for our company. I need to make sure that our expenses are tracking to the budgets we have for each client account.
We have lots of line items so that if we're over budget, we can (theoretically) drill down to see what's the cause of the problem - are we overspending on lots of different things, or is it the same line item each month that might be over (or under) budget?
If we put detailed codes onto invoices and expenses into MYOB, could we easily slice and dice budget reports? Drill down as far as we want, or look across categories across the year? Produce reports on expenses vs budget for each client account separately?