MYOB Client Accounting
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https://help.myob.com/wiki/x/ESt3AQ


 

 

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.

MethodDescriptionBest 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. This method posts to your client's ledger.

  • If you have used MAS, Accounts or AO Classic General Ledger to prepare end-of-year accounts in prior years
  • You have a .CSV file to import
Modify prior year balancesLets you adjust the prior year balances in the configured common ledger. This function does not post to the client company file.
  • If you want to display correct prior year balances in the reports without posting to the underlying common 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.

  • Prior year accounts have been prepared in a third party software or you do not have a .CSV file to import.

 

 
You are in MYOB Ledger module...
Tasks in this module
The root page MYOB Ledger module 1. Setting up MYOB Ledger could not be found in space MYOB Client Accounting.
Related topics

Create MYOB Ledger

Configuring the client (AE Help)

<< Migrating to or creating MYOB Ledger Checking the accounts >>

 


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Client Accounting
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AE Statutory Reporter (AU)
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  What is Client Accounting?

  MYOB Ledger

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