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Stay on top of the game with a common ledger

Each year you may find yourself needing to make a number of adjustments to ensure the figures in their ledger match yours. You may provide your client or their bookkeeper a list of journals to align their opening balances with yours, which they may never post...

We've got the solution for you! Follow this workflow to set up the most efficient way to work with Client Accounting, by using a common ledger approach.

What we mean by a common ledger is that you do your accounting work on the same data file that your client uses to record their day-to-day transactions, if your clients use MYOB AccountRight or Essentials as their ledger. That's why it's so efficient—because you're working on the same file, your balances will always be the same as your client's!

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Benefits for you and your clients

By configuring a common ledger to work with Client Accounting, you're setting your clients and yourself up for a bunch of great compliance workflow benefits.

When using the same data file, the end-of-year process is streamlined. You'll work closer with your client throughout the year, and you won't have to rekey data, import transactions or reconcile opening balances any more.

Here's a quick breakdown of some other key benefits you'll both notice.

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Your client has the tools they need to:

• receive and code bank feeds
• manage debtors and creditors.

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You have the accounting tools you need, in one place, to:

• prepare workpapers
• manage assets
• produce financial reports.

Just a sec...

We're taking you to the new workflow!