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The first step in using a ledger that's integrated with MYOB BankLink Practice is migrating your MAS, Accounts or AO GL ledger to MYOB Ledger.

About migration

The data migrated to MYOB Ledger includes:

• ledger details like entity type and reporting period
• chart of accounts

• closing balances of the financial year.

Migration doesn't make any changes to MAS, Accounts or AO GL.

Migration is always for the full financial year. Comparative figures are migrated into MYOB Ledger, so you can use the figures to review processing and to produce financial statements with up to 5 years of data.

Migration tasks

You'll step through 4 tasks as part of migrating your ledger:

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Check if your tax codes match the codes in this tax types chart.

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1. In the Master GST Table, add or edit the GST rates.
   GST levels 1–14 are usually MYOB defaults.
2. Go to Setup > Client Files > Ledger Options.
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3. Enter G in the Tax Type value field.

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If your tax types aren’t the same as those in BankLink Practice, either:

• delete the tax type if it's not in use or

• change the tax code in BankLink to a default tax type code (for example, NTR) and journal the tax into the account manually.

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We're taking you to the new workflow!