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https://help.myob.com/wiki/x/QAJ3AQ
Now that you have configured a common ledger, check that the balances in your client's data file is the same as the balances in your ledger.
If your client's ledger balances in the prior year and past 5 years is the same as the balances in your general ledger software, you can continue to Define Balance Forward Accounts,
If your client's balances are different to yours, you'll need to post a journal to bring them into alignment. Use the table below to determine the most effective way of updating your client's file, then
| Method | Description | Best for |
|---|---|---|
| Perform opening review | Compares account balances from your current general ledger with the balances in your client's MYOB AccountRight or Essentials common ledger. If there is a variance between the account balances, the Perform Opening Review will post journals to the common ledger to align the balances with that from your general ledger. | If you have previously entered journals using MAS or, have a .CSV file.... |
| Modify prior year balances | Lets you adjust the prior year balances in the configured common ledger. This function does not post journals to your client's AccountRight or Essentials file. The modified balances are stored in your database to be used by Client Accounting only. | If you don't want to post adjusting journals to your client's ledger |
| Process manual journals | Manually prepare and post journals into the AccountRight or Essentials file to align the balances between your general ledger and your client's common ledger. | Adjustments to only a few accounts. If you do not have a MAS or .CSV file to compare balances. |
- Open your client's Client Accounting > Trial Balance (Workpapers) tab.
- From the TASKS bar, click Perform Opening Review.
- Select the general ledger product used for this client.
3. Upon completion of the steps, a journal will be posted to the AccountRight or Essentials to make the balance in the client ledger the same as the accountant's ledger.
- Open your client's Client Accounting > Trial Balance (Workpapers) tab.
- From the TASKS bar, click Modify Prior year balances. A message is displayed asking you to select the prior year for which you would like to modify the account balances.
- Select the required year for which account balances are to be modified, then click OK.
- Enter
Use a Trial Balance report from your general ledger software to work out how much you need to debit or credit an account in your client's AccountRight or Essentials ledger to ensure your client's balances match the balances in your general ledger software.
Configuring the client (AE Help)
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