Reporting is key to control of a business – Top 5 MYOB Reports Monthly could/should be
- Profit & Loss,
- Balance Sheet,
- Aged Receivables,
- Aged Payables,
- Cash Profit and Loss,
then others – Inventory levels or Timebilling for Work in Progress etc adapted to your business.
Get the most from Profit & Loss – use the YTD version, as it gives you the current period eg the month or quarter, the % margins, as well as for the year to date from July with % margins – you can see quickly current and the full year, Gross Profit and Profit margins – all nicely in one report!
Further discussion about the key need for reporting is HERE