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You need to choose a ledger based on the type of data your client sends you and whether your client has specific reporting requirements. Once you've picked a ledger, you follow the workflow made for your ledger.

No matter what option you choose, you will be able to work efficiently with your clients' data from various sources to prepare high-quality, compliant financial statements. 

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titleUnderstanding your ledger options

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MYOB Ledger (AE/AO Ledger)

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MAS, Accounts or AO Classic General Ledger

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MYOB AccountRight or Essentials

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MYOB Ledger is MYOB's latest online ledger option. It's your practice’s in-house copy of your client’s ledger. Good for using with clients who are not reporting entities.

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This option is like using an enhanced version of the tools that you're used to.

Keep working with your existing MAS, Accounts or AO Classic General Ledger, but with the added capabilities of the Client Accounting Workpapers module. The Workpapers module lets your practice create consistent workpapers using built-in industry standard templates.

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If your client uses an AccountRight or Essentials file as their ledger, you can use it as a common ledger and work on it together with your client.

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MYOB Ledger lets you enjoy a consistent experience with the full suite of modules and tools that Client Accounting offers. MYOB Ledger does this by removing the need for your MAS, Accounts or AO Classic General Ledger, so you can work completely within Client Accounting.

MYOB Ledger is perfect for when your client doesn’t need to get involved in the data entry, or when you don’t need direct bankfeeds.

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If your client is a reporting entity or needs specialist management reports, Workpapers works with your existing ledger to get the results you need.

It's a good way to try the benefits of Client Accounting if you're not ready to move away from your existing ledger. If you like what you see after trying this option, it's a great first step toward moving completely to MYOB Ledger for even more benefits, if you want.

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A common ledger lets you collaborate with your clients and start advising them in real time.

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Perform a one-off migration of your existing MAS, Accounts or AO Classic General Ledger to bring across your ledger details, chart of accounts and balances for the last five years. For new clients, you can create a new MYOB Ledger.

You're then ready to add data, substantiate balances and produce financial statements in Client Accounting.

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Use Workpapers to do your reconciliation and journal entries. Perform all your-end tasks such as adjusting journals, linking source documentation to accounts and performing electronic approvals.

When you're ready to print a financial statement, post your movements back to your existing MAS, Accounts or AO Classic General Ledger and print as usual.

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Connect to the AccountRight or Essentials online file by linking to the file in Client Accounting. Your clients’ data will sit securely in the cloud and you can work with the live data in Client Accounting.

Because you're working directly with your clients' files, you don’t need to use MAS, Accounts or AO Classic General Ledger.

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Compatible Client Accounting modules

  • Workpapers
  • Assets Live
  • Statutory Reporter

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    If you use BankLink Practice and you have a MAS, Accounts or AO GL ledger, you can integrate with MYOB Ledger. See the MYOB BankLink Practice integration workflow.

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Compatible Client Accounting modules

Workpapers

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Compatible Client Accounting modules

  • Workpapers
  • Assets Live
  • Statutory Reporter

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  • Active internet connection
  • MYOB logins have been set up
  • MYOB Ledger access in AE or AO

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Access to your general ledger

 

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Prerequisites

  • MYOB logins have been set up
  • (AR) The latest version of the AccountRight API (also called Add-on Connector)
  • (AR) You've installed the version of AccountRight that your client is using.

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Check out this intro video for more details.

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Check out this intro video for more details.

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Image RemovedPick a ledger workflow!

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You don't need to stick to one workflow for all your clients. You might need to use one workflow to meet the requirements of one client, and another workflow for a different client.

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MYOB AccountEdge

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Mac-based accounting software

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MYOB Ledger

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Third-party software

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Paper or non-electronic files

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Reporting entities

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MAS, Accounts or AO Classic General Ledger

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Special reporting requirements

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Consolidations

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If your client needs financial statements for a parent company.

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MYOB AccountRight

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AccountRight version 2013.0 or later. If your client uses AccountRight, you can work directly over your client's live data using one common ledger.
However, if you prefer to work on your practice's copy of the ledger, you can use the MYOB Ledger or MAS, Accounts or AO Classic General Ledger options.

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AccountRight or MYOB Essentials

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AccountRight Classic (v19.x). If your client uses AccountRight Classic, you can work directly over your client's data using one common ledger.

However, if you prefer to work on your practice's copy of the ledger, you can use the MYOB Ledger or MAS, Accounts or AO Classic General Ledger options.

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MYOB Essentials

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For clients on MYOB Essentials, you can work directly over your client's live data using one common ledger.

However, if you prefer to work on your practice's copy of the ledger, you can use the MYOB Ledger or MAS, Accounts or AO Classic General Ledger options.  

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