(BOM’s) as a part of your business’ daily processes but the transactions don’t appear to be going to the general ledger and the stock information correctly? There are a number of places where things can breakdown if each step isn’t done correctly such as incorrect stock costings for the items which go into a BOM.

One of the main reasons many businesses purchase MYOB Exo is for its Bill of Materials (BOM) function but what is it capable of doing and how should they be set up and how do they work? For businesses, which use BOM’s as a core part of their MYOB Exo daily business processes, the people who use BOM’s are integral for the overall business success of the system. So how do you know your business is doing everything the “right” way?

Don’t we wish we could sell an item for a 100% gross profit (GP)? Don’t get me wrong, there are a few rare circumstances where you can sell an item for 100% but the reality is everything a business sells is going to have a cost to then later sell it. So why when you look at the MYOB Exo Stock Sales report at the end of the month do you see an item being sold for 100% GP when you know this isn’t the case?

Don’t we wish we could sell an item for a 100% gross profit (GP)? Don’t get me wrong, there are a few rare circumstances where you can sell an item for 100% but the reality is everything a business sells is going to have a cost to then later sell it. So why when you look at the MYOB Exo Stock Sales report at the end of the month do you see an item being sold for 100% GP when you know this isn’t the case?

If you want to know where so many MYOB Exo systems are breaking down it is in their stock processes and specifically how stock should be impacting the General Ledger. What makes this process challenging for people is they have to look through the forest and can’t see the trees. Businesses have 100’s and maybe 1000’s of transactions impacting stock going through MYOB Exo on a monthly basis. So how can you see where things are breaking down when you have to sift through so many transactions?

Have you ever want to change a large amount of data or add a large (or small) amount of data in MYOB Exo but feared you are going to have go through the tedious task of flicking through 100’s or 1000’s of the same screen over and over again? Fear not, the Quick Insert function in MYOB Exo is going to allow you to adjust or add data in the thousands if you want easily and efficiently.