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MYOB Advanced — Finance Overview

MYOB Advanced is the general ledger and ERP for the Partners Wealth Group of companies. It is the system of record for everything that hits the books — sales invoices, supplier bills, payments, journals, budgets, and statutory reporting — for both Partners Wealth Group (PWG) and PWG Joint Ventures (JV).

Tenant at a glance

Section titled “Tenant at a glance”
FieldValue
Tenant URLpartnerswealthgroup.myobadvanced.com
ProductMYOB Advanced 2024R2
Platform buildAcumatica 24.213.0018
Companies in tenantPartners Wealth Group, PWG Joint Ventures
PWG branches15
JV branches6 main
Base currencyAUD
Tax agencyATO (Australian Taxation Office)

Both companies sit in a single MYOB Advanced tenant, but they keep separate Charts of Accounts, separate sets of branches, and require separate OAuth applications when integrating from outside. Tax codes and tax categories are shared across the tenant.

Who uses MYOB

Section titled “Who uses MYOB”
GroupUse
Finance team (Sydney, Cebu)Daily AP/AR data entry, bank reconciliation, journals, period close, reporting
Partners and team leadsRead-only access to dashboards, P&L by branch, budget variance
Head of Technology / DataRead-only API access to feed PWG_DATA (the warehouse) and downstream Hex dashboards
Axsys (external partner)Application support, custom-endpoint owner

PWG does not use MYOB Advanced Payroll. Pay is run through a separate system; only the resulting journals land in MYOB.

Business processes anchored in MYOB

Section titled “Business processes anchored in MYOB”
  • Accounts payable. Supplier bills are entered against branches and approved through MYOB workflow. Payments cycle weekly.
  • Accounts receivable. Client invoices and revenue recognition. Collections is assisted by ezyCollect (see integrations).
  • General ledger. All journals — manual, system-posted, and external-sourced — settle here. The CoA is segmented by branch and subaccount.
  • Budgets. Annual budgets are loaded per branch / subaccount / account combination on the BUDGET ledger. Re-forecasts use FORECAST (eight months actual + four months budget).
  • Reporting. Monthly P&L by branch and consolidated, balance sheet, partner reporting. Most reports are produced in Hex off the warehouse rather than directly from MYOB; MYOB is the reconciliation source of truth.

Where to go next

Section titled “Where to go next”