MYOB Client Accounting
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https://help.myob.com/wiki/x/dy13AQ


 

 

Great! You've configured a common ledger.

The next thing is to check that the balances in your client's data file are the same as the balances in your ledger.

My balances and my client's balances are the same!

If your client's ledger balances in the prior year and past 5 years are the same as the balances in your general ledger, it's time to define Balance Forward Accounts.

My balances and my client's balances are different!

If your client's balances are different to yours, post a journal to bring them into alignment.

Use this table to pick the most effective way for you to update your client's file.

 

First print your Trial Balance and compare to either...

MethodDescriptionBest if...
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.

  • You've 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 option doesn't post to the client company file.
  • 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 third-party software or you don't 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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  What is Client Accounting?

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