Before you jump into Client Accounting, take a minute to think about your client's needs.
Similarly, you might need a special software to work on a client's complex accounts, but you may not need the same functions for a client with much simpler reporting requirements.
Each ledger gives you a different set of tools for preparing your client’s accounts, so you want to make sure you choose the right ledger for the job.
Choosing the right ledger is easy. Answer the questions below to tell us what your client needs and we'll recommend the best ledger to meet your requirements.
Choose the right tool for the job
Does your client have any special reporting requirements?
Special or 'complex' reporting requirements include highly customised reports, consolidated entity reports, and compliant statutory reports for reporting entities.
Does your client have an active MYOB AccountRight or Essentials subscription?
Answer 'Yes' to this question if your client is using MYOB AccountRight or Essentials to record their day-to-day activities
Do you want to post adjustment journals to your client's AccountRight or Essentials ledger?
Some ledgers will post journals directly to your client's company file. This helps you keep their balances aligned with yours, so there's no nasty surprises.
The Client Accounting Workpapers module allows you to use built-in industry standard templates to support your balances. When using Client Accounting over an AE MAS, Accounts or AO Classic General Ledger, you'll use the Workpapers module to prepare supporting documents and adjustment journals, whilst and producing your financial reports using your general ledger's Reporting software.
We recommend using this option where your client is a reporting entity or requires specialist management reports such as consolidated reports for a parent/child entity.
This is also a great alternative if you want to reap the benefits of Workpapers, but you're not quite ready to move away from your current General Ledger software.
With an MYOB ledger, you can take advantage of all Client Accounting modules to prepare Workpapers, manage Assets and produce Reports from a single location within your Accountants Enterprise (AE) or Accountants Office (AO) software.
If you've got an existing ledger for your client, you can move your data over to MYOB ledger.
We recommend this option where your client is a non-reporting entity and doesn't need complex reports, or where your client does not use an MYOB bookkeeping software, or uses MYOB AccountEdge.
If your client uses an AccountRight, Essentials (pre-March 2020) or Essentials (new) ledger, you can link their data file to Client Accounting and perform all your end-of-year adjustments on the same ledger that they use to do their day to day transactions.
As you'll be working on your client's ledger, your balances will always be the same as your client's.
We recommend this option if your client has an AccountRight or Essentials data file.
Your other options...