What is Client Accounting?

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This procedure is ideal if you have shoebox clients with no existing ledger software or clients who don't have any comparative balances to migrate. If you have data to migrate from MAS, Accounts or AO Classic General Ledger, check out Migrating to MYOB Ledger.

Before you begin

Ensure you have added the client in your MYOB AE/AO database.
Choose a chart of accounts template for your ledger. We've provided a standard chart for each entity type and each MYOB legacy product. These are in the form of a .CSV file located in the following subfolders of the Client Accounting Templates folder:
- Practice Charts: Where you store your practice's custom chart of accounts templates in .CSV format.
- MYOB Standard Charts: Contains the predefined chart of accounts for the MAS, Accounts and AO Classic General Ledger products and entity types.

Customising or creating charts of accounts

Optionally, you can create customised charts of accounts instead of using MYOB defaults. Using the files in the MYOB Standard Charts folder, you can either alter a chart based on an MYOB template, or start from scratch with a blank file. For example, you may want to remove accounts that are not applicable for your practice.

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Don't alter the .CSV files you find in the MYOB Standard Charts folder. We recommend copying the .CSV template from the MYOB Standard Charts folder into the Practice Charts folder to prevent your changes from being overwritten when performing an MYOB update.

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title	To customise or create a chart of accounts

Go to the MYOB Standard Charts folder in your installation location. For example, C:\MYOBAE\AESQL\Client Accounting Templates\Myob Standard Charts.
To alter a chart of accounts based on a template, copy a .CSV template.
To create a chart of accounts from scratch, copy Chart_Template.csv.
Go to the Practice Charts folder and paste the copied template.
Open the CSV file to populate the chart as needed.
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For more information on customising and creating charts, see To create a Practice Chart.

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title	To create a new ledger

Open a client and go to the Client Accounting > Trial Balance (Workpapers) tab.
On the TASKS bar, click Create new AE/AO Ledger.
In the Create Ledger window, enter the ledger name for your client in the Ledger name field.
Select the Chart template by clicking the Browse button [...] and searching for your ledger template file. The Client Accounting Templates folder appears by default.

Confirm the Entity type and Chart type:

If you have selected a...	then...
MYOB Standard Chart	the Entity Type and Chart Type fields will be automatically filled in
Practice Chart	if the CSV file name is different to the MYOB naming convention, you may need to fill out these fields manually

Enter the Financial year end date. The opening balance date and financial start month are automatically calculated from the financial year end date.
Review the values in System Account Mapping, and modify any values if required. The mapped Account code values displayed here vary depending on the entity and chart type. If you have selected an MYOB Standard Chart, the values displayed here are defined by MYOB. If any account codes in the System Account Mapping are also in the CSV file, the account codes are created as System Accounts.
Click OK. The MYOB Ledger is configured.

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root	MYOB Ledger module 1. Set up MYOB Ledger

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Module 2. Set up an Asset Register

Module 3. Add current-year data

Module 4. Substantiate balances

Module 5. Produce financial statements

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Migrate to MYOB Ledger

To create a Practice Chart

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Versions Compared

Old Version 43

New Version 44

Key

Before you begin

Customising or creating charts of accounts

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What is Client Accounting?

MYOB Ledger

MAS, Accounts or AO GL

MYOB Essentials or
AccountRight Live

Need More Help?

Page tree

Versions Compared

Old Version 43

New Version 44

Key

Before you begin

Customising or creating charts of accounts

Was this information helpful?

How would you improve this topic?

Did you find what you were looking for? *

What are you looking for help with? *

Overall, how satisfied are you with this help centre? *

What was the reason for your rating?

What is Client Accounting?

MYOB Ledger

MAS, Accounts or AO GL

MYOB Essentials or AccountRight Live

Need More Help?

MYOB Essentials or
AccountRight Live