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Performing an opening review is a convenient function that compares your client's balances to yours and fixes any differences. Account balances from your general ledger software are compared against the balances in your client's MYOB AccountRight or Essentials common ledger. If there's a variance between the account balances, the opening review function posts an adjustment journal to the common ledger. Once posted, your balances will be in line with your general ledger balances.

One of the steps involves mapping accounts. Refer to the Understanding the Map Accounts window if you need help during the procedure.

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The Map Accounts window lets you compare the balances between the accounts in your selected ledger and the accounts in your client's ledger. Where the account balance varies between the accounts, an adjustment journal is created to align the balances.

The system will map some of your general ledger accounts automatically, including those that have exactly the same balance as an account on the client's chart, where no other accounts exist with the same balance. The system may also suggest accounts you may want to map to based on the description and balances of the accounts.

The Map Accounts window displays the account balances that appear in the selected MAS, Accounts, AO Classic General Ledger or import file to the left of the window, under Accountant's balances. This is where you map your accounts.

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Displays all accounts, including those with zero balances.

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Clears all mappings including automatic system mappings and any manual mappings made by you.

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Clears any changes made to the mappings and restores the account mappings to its original state.

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Map an Accountant’s balances account to two or more client accounts.

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Add a new account to your client's Account List.

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Hides the Client's balances displayed to the right of the Accountant's balances. Where hidden, this button will change to Show Client Balances which, when toggled will re-display the client chart of accounts.

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On the TASKS bar, click Perform Opening Review. The Opening Review Wizard appears.

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• If MAS, Accounts or AO Classic GL is selected, click the ellipsis Image Removed button to search and choose the ledger. This file must be in the same financial year or period as your common ledger.

• If Other is selected, click the ellipsis Image Removed button to navigate to the .CSV import file containing the balances.

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Select a radio button option.

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Click Next. The Map Accounts window appears.

For all accounts with a blank Map to column in Accountant's balances:

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Enter an account that corresponds to the account code in your general ledger.

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Click Next. The Confirmation window appears listing the journal entry that will be posted to the client's AccountRight or Essentials file to align their current year balances with the balances in your general ledger.

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Review the changes to be made to the ledger and ensure the adjustment journal to be posted to the common ledger is balanced.

• If there is nothing to balance, click Finish and move on to defining balance forward accounts.

• If there is a variance, you'll need to post a journal. Client Accounting will generate a journal for you.

1. 1. Review the journal and ensure it's balanced.

   2. Click Finish to post all journals and update prior year balances.

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      If you have selected to review Closing balances for the previous year, comparative balances for the prior year will be adjusted. These prior year changes will not be posted to the AccountRight or Essentials ledger but will instead be stored separately for use by Client Accounting only. To view changes to be made in the prior year, click View modified closing balances.

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