Slicing And Dicing Your Financials In MYOB Acumatica

2 min read

May 7, 2025 5:21:35 AM

MYOB Acumatica is a powerful cloud ERP platform designed to give growing businesses advanced control over their finances, operations, and reporting. With MYOB Acumatica, businesses can build custom, data-rich financial reports, automate consolidation, and gain real-time insights—all from a single, scalable platform.

At the heart of the system is a highly flexible General Ledger that supports multi-entity, multi-currency, and multi-branch environments. Below, we explore the key tools that make slicing and dicing your financials easier and more efficient with MYOB Acumatica.

🔄 1. Consolidations – Automate Multi-Entity Reporting

MYOB Acumatica simplifies financial consolidation across business units and entities. Key features include:

Automated consolidation of accounts, even across different currencies and account structures
Mapping flexibility between entity and parent accounts
Scheduled or on-demand consolidations within each financial period
Click-to-upload unit-level balances to the parent entity
Group-level visibility across subsidiaries and entities for board-level reporting

This functionality saves hours of manual reconciliation and provides instant access to accurate group-level financials.

🏢 2. Branches – Structure Your Organisation with Control

Branches in MYOB Acumatica can represent departments, business units, or locations. Each transaction is tied to a specific branch, enabling segmented or consolidated reporting. Benefits include:

Centralised Master Data: Share supplier, customer, and chart of account records across all branches
Automatic inter-branch journals: Seamlessly reconcile loan accounts and internal transfers
Consistent financial periods and currency across branches within a company

This setup empowers businesses to operate with agility while maintaining governance and structure.

📊 3. Chart of Accounts – Customise for Clarity and Growth

MYOB Acumatica’s Chart of Accounts can be tailored to your business structure and reporting needs. Key features:

Account segmentation for enhanced filtering and reporting
Flexible grouping by class or type
Multi-dimensional coding to support detailed financial analysis
Custom structure to meet compliance and management reporting requirements

A well-designed Chart of Accounts ensures consistency and scalability as your business grows.

🧩 4. Sub-Accounts – Add Granular Insight

Sub-accounts provide another dimension of tracking, letting you dissect performance in greater detail.

Up to 30 alphanumeric characters and unlimited dimension combinations
Validation rules to ensure data accuracy at entry
Advanced inquiry and reporting by individual segment or across dimensions
Drill-down capabilities for more detailed and targeted insights

Sub-accounts are ideal for tracking performance by cost centre, project, region, or any custom criteria.

📈 5. Analytical Reporting – Designed for Decision-Makers

MYOB Acumatica delivers flexible reporting tools to help leadership make data-informed decisions.

Generate reports in PDF or Excel with custom formatting
Build variance analysis reports comparing budget vs actuals
Create multi-period balance sheets and P&L statements
Leverage company hierarchy and sub-account data for tailored dashboards and insights

With Acumatica, financial reporting becomes a strategic asset, not a monthly chore.

Why Choose MYOB Acumatica?

As businesses evolve, so do their accounting needs. MYOB Acumatica gives growing businesses the agility, depth, and control needed to manage complex operations—from multi-entity consolidations to granular cost centre analysis.

At Stratus Consulting Group, we don’t just implement the software—we partner with you to ensure a successful rollout and long-term success. We offer:

✅ Full implementation and onboarding support
✅ Custom configuration and reporting setup
✅ Ongoing post-implementation assistance
✅ Local expertise, responsive support