- Created by Suchi Govindarajan, last modified by AdrianC on Oct 17, 2017
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https://help.myob.com/wiki/x/ZglNAQ
Follow this procedure if you have clients with no legacy ledgers or existing/comparative figures to migrate. If you do have data to migrate, see Migrating to MYOB Ledger.
Before you begin
Before creating a new ledger, choose a chart of accounts template. Choose from the CSV files in the charts subfolders in the Client Accounting templates folder:
- MYOB Standard Charts folder: Contains the predefined charts for AO GL, Accounts, and MAS products and entity types.
- Practice Charts folder: Where you store your practice's custom charts in CSV format.
You can use the MYOB Standard Chart to create a custom practice chart. For example, if you want to remove accounts that are not applicable for your practice, copy a CSV file from the MYOB Standard Charts folder, paste it in the Practice Charts folder and create your practice's custom charts.
MYOB software updates overwrite templates in the MYOB Standard Charts folder.
OK, let's step you through how to do it.
- Ensure you have added the client in your MYOB AE/AO database.
- Open the client profile and open the Client Accounting > Trial Balance (Workpapers) tab. The contents of the Workpapers tab appears.
- On the Tasks bar, click Create new AE/AO Ledger. The Create Ledger window appears.
- In the Ledger name field, enter the client ledger name.
- Select the Chart template by clicking the Browse button [...] and searching for your ledger template file. The Client Accounting Templates folder appears by default.
- Confirm the Entity type and Chart type:
- If you have selected an MYOB Standard Chart , the Entity Type and Chart Type fields will be automatically filled in.
- If you have selected a Practice Chart, and your CSV file name is different to the MYOB naming convention, you may need to manually enter these fields.
- Enter the Financial year end date. The opening balance date and financial start month are automatically calculated from the financial year end date.
- Review the values in System Account Mapping, and modify any values if required.
The mapped Account code values displayed here vary depending on the Entity and Chart Type. If you have selected an MYOB Standard Chart, the values displayed here are defined by MYOB. - If any account codes in the System Account Mapping are also in the CSV file, the account codes are created as System Accounts.
- Click OK. The MYOB Ledger is configured.
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