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Accountants Enterprise in Australia only

Use the steps below if you are migrating from AE Accounts and creating a partnership (individual/sole trader).

System accounts

In standard migration, the system accounts for AE Accounts are:

GST Payable	892
GST Collected	940
Retained earnings	1-.585
Current year earnings	1-.590

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1-.585 will not exist in the drop down, however they will exist in the chart. Currently the prefixes are not being displayed in the migration dropdown.

Manage Accounts

Make the following changes under Manage Accounts.

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Set up income allocation using the TASKS bar item in Client Accounting (first partner/individual)

Owner Name	Partner Name/Individual Name
Retained earnings acc no.	1-.585
Retained earnings acc name	Opening Balance
Current year earnings account acc no.	1-.590
Current year earnings account acc name	Share of profit

Continue to add owners for all partners.
Use the income allocation to allocate the percentages required for each partner. During the migration process, the system will automatically create account type groups based on the partner names, and allocate the account type groups to the existing accounts.

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Migrating an existing ledger

Migrating from AE Accounts—creating a trust

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System accounts

Manage Accounts

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