Instore

Engage. Sell. Grow.

Backoffice

Reduce costs. Streamline.

eCommerce

Design. Build. Integrate.

Seamless MYOB Add Ons Accounting Integration with Retail Express

MYOB POS integration

Does Retail Express Integrate with MYOB?

Yes. Retail Express is a cloud-based Retail Operating System providing seamless MYOB integration. Retail Express streamlines your entire operations and together with MYOB give you control & visibility to make better business decisions.

Using the Accounting Import Solution Tool, you or your bookkeeper can quickly & easily import relevant MYOB retail transactions to your general ledger in MYOB.

What Information is Imported?

Data in Retail Express can transfer over to MYOB using two different methods.

Method 1:

Summary transactional data such as sales, laybys, purchase orders and stock adjustments can transfer to MYOB into the relevant journals. In this method, MYOB captures ‘processed’ sales from Retail Express into the cash account, and layby sales go into a layby (suspense) account. For each product group in Retail Express you can nominate the relevant asset account code, sales account code and cost of sales journal within MYOB. This summary method is ideal for most retailers that don’t run accounts with their customers. That is, they don’t allow their retail customers to leave with the merchandise until fully paid for, and therefore do not need to use statements within MYOB.

Method 2:

The detailed transfer method will transfer individual sales transactions and card files from Retail Express POS integration software directly into MYOB accounting software. MYOB retail will show each individual sales transaction, customer details and invoice details exactly as they were entered into Retail Express.

In both methods, the purchase orders from Retail Express stock control software import into MYOB as an Open Bill – ready for payment within MYOB ‘pay creditors’. All other functions such as bank reconciliations and general ledger accounting occur inside MYOB retail software as normal.

What About Partially Paid Transactions?

A partially paid transaction in Retail Express POS software converts to an Open Invoice within MYOB. A fully paid transaction in Retail Express point of sale system becomes a Closed Invoice in MYOB accounting. You can therefore use the MYOB accounting statements to send out to debtor customers.

What About Xero?

Yes, we also integrate with Xero – please see here for more information.

The way your profits should be

Take the ROI Challenge

How many stores do you have?
Average monthly turnover per store?
What is your average margin?
Monthly hours spent on purchasing?
Monthly advertising spend?
-
+
-
$
+
-
%
+
-
hrs
+
-
$
+
Optimised Inventory
3
%improvement
Increased Repeat Sales
4
%improvement
Optimised Advertising
12
%Optimisation
Time Saved Purchasing
50
%Savings
eCommerce Sales
6
%Increase
Per year
$19,400
Increased annual
inventory
Per year
$43,820
Repeat business
sales
Per year
$20,910
Annual advertising
savings
Per year
$21,120
Annual labour
savings in purchasing
Per year
$64,500
Increased
eCommerce sales
TRY RETAIL EXPRESS FREE   
Total Annual Benefit  $250,000 Note: the projected results are speculative and should not be relied on as a guarantee.
Loved by thousands of retailers

We’ve helped thousands of retailers run a better business

Retail Express Point of Sale Clients
Retail Express POS Clients
Retail Express Point of Sale Software Clients
Retail Express Clients
Give us a Call 1300 732 6181300 732 618
Send us a Question Email Us
Start your Free Trial