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Slicing And Dicing Your Financials In MYOB Acumatica

Written by Mark Belkin | May 6, 2025 7:21:35 PM

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

Let’s Get Started

Take the complexity out of financial management and scale with confidence.

📞 Call us on 1300 499 000
📩 Or fill out our inquiry form — and one of our consultants will be in touch within 24 hours.