Page Comparison - Migrating to an AE/AO ledger (v.5 vs v.6) - PS Help: Client Accounting Help

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This feature is not enabled for all users. If this option isn’t available in the Tasks bar, please contact your client manager to enable this feature for your practice.

You can migrate existing general ledger ledgers of the following types to an AE/AO Ledger:

AO Classic
(Australia) Accounts
MAS

Ledger details, Charts of Accounts and closing balances of the financial year are migrated from your existing general ledger to an AE/AO Ledger. You can migrate either:

the full prior-year balances
the partial current-year balances, including transactions for any future periods. This migrates transactions that are equal to or greater than the financial year start date as a Journal type.

Use the Select to migrate current year transactions checkbox to choose your preference when migrating data.

To be able to migrate one of your existing ledgers to an AE/AO Ledger, ensure that you:

have configured MYOB Logins with authorisation to migrate your existing ledger(s).
migrate your existing ledger(s) on the last day of the current financial year.
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If migration is performed mid-year, the current year transactions are not migrated.
migrate your existing ledger(s) before you roll-forward to the next financial year.

Depending on the classification, the tax types are determined after the migration of your existing ledger(s):

Assets - CAP (Australia) / E (New Zealand)
Cost of Sales - GST
Equity - NTR
Expenses - GST
Income - GST
Liabilities - NTR
Other Expenses - NTR
Other Income - NTR.

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title	MAS classifications (Australia)

MAS accounts	Account range
Assets	640 - 869
Cost of Sales	250 - 279 280 - 299
Equity	500 - 639
Expenses	218 - 229 300 - 479
Income	230 - 249 190 - 196 216 - 217
Liabilities	870 - 999
Other Expenses	480 - 499
Other Income	100 - 189 197 - 209 210 - 215

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title	MAS classifications (New Zealand)

MAS accounts	Account range
Other Income	100 - 183
Expense	184
Other Income	185 - 189
Income	190 - 199
Other Income	200 - 218
Income	219 - 249
Cost of Sales	250 - 299
Expense	300 - 480
Equity	481 - 499
Equity (Trust Entities only)	500
Liabilities (Company, Trust, Club or Society entities) Equity (Partnership, Individual entities)	501 - 549
Equity	550 - 639
Assets	640 - 811
Liabilities	812 - 906
Equity	907
Liabilities	908 - 999

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title	Accounts classifications (Australia)

Accounts accounts	Account range
Assets	800 - 809 820 - 828 829 - 869 892 - 894 700 - 719 870 - 891 895 - 899 650 - 655 658 - 673 656 - 657 674 - 699 739 720 - 738 766 - 769 770 - 790 760 - 765 740 - 759 791 - 794 795
Cost of Sales	11 - 31 32 - 38 39 - 40 105 - 110 130 - 139 111 - 129 140 - 209
Equity	518 - 519 535 - 541 542 - 546 530 - 534 526 - 527 547 548 549 560 - 569 580 - 609 570 - 576 577 - 579 528 - 529 610 - 649
Expenses	41 - 89 280 - 494 520 - 525
Income	1 - 10 259 - 273 210 - 212 213 - 279 90 - 104
Liabilities	900 - 916 917 - 925 926 - 949 955 956 - 958 950 - 953 959 954 975 - 984 960 - 965 966 - 974 985 986 - 988 989 - 993 994 - 998 999
Other Income	495 - 517

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The account code and account name will be migrated as one name for Header accounts. For example, Account code - 198, Account name - Savings Account is migrated as 198 Savings Account to the AE/AO Ledger.

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Migrating an existing ledger

Configuring the client

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Versions Compared

Old Version 5

New Version 6

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