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You need to choose a ledger based on the type of data your client sends you and whether your client has specific reporting requirements. Once you've picked a ledger, you follow the workflow made for your ledger.

No matter what option you choose, you will be able to work efficiently with your clients' data from various sources to prepare high-quality, compliant financial statements. 

Understanding your ledger options

MYOB Ledger (AE/AO Ledger)

MAS, Accounts or AO Classic General Ledger

MYOB AccountRight or Essentials

What is it?

MYOB Ledger is MYOB's latest online ledger option. It's your practice’s in-house copy of your client’s ledger. Good for using with clients who are not reporting entities.

What is it?

This option is like using an enhanced version of the tools that you're used to.

Keep working with your existing MAS, Accounts or AO Classic General Ledger, but with the added capabilities of the Client Accounting Workpapers module. The Workpapers module lets your practice create consistent workpapers using built-in industry standard templates.

What is it?

If your client uses an AccountRight or Essentials file as their ledger, you can use it as a common ledger and work on it together with your client.

Why use it?

MYOB Ledger lets you enjoy a consistent experience with the full suite of modules and tools that Client Accounting offers. MYOB Ledger does this by removing the need for your MAS, Accounts or AO Classic General Ledger, so you can work completely within Client Accounting.

MYOB Ledger is perfect for when your client doesn’t need to get involved in the data entry, or when you don’t need direct bankfeeds.

Why use it?

If your client is a reporting entity or needs specialist management reports, Workpapers works with your existing ledger to get the results you need.

It's a good way to try the benefits of Client Accounting if you're not ready to move away from your existing ledger. If you like what you see after trying this option, it's a great first step toward moving completely to MYOB Ledger for even more benefits, if you want.

Why use it?

A common ledger lets you collaborate with your clients and start advising them in real time.

How does it work?

Perform a one-off migration of your existing MAS, Accounts or AO Classic General Ledger to bring across your ledger details, chart of accounts and balances for the last five years. For new clients, you can create a new MYOB Ledger.

You're then ready to add data, substantiate balances and produce financial statements in Client Accounting.

How does it work?

Use Workpapers to do your reconciliation and journal entries. Perform all your-end tasks such as adjusting journals, linking source documentation to accounts and performing electronic approvals.

When you're ready to print a financial statement, post your movements back to your existing MAS, Accounts or AO Classic General Ledger and print as usual.

How does it work?

Connect to the AccountRight or Essentials online file by linking to the file in Client Accounting. Your clients’ data will sit securely in the cloud and you can work with the live data in Client Accounting.

Because you're working directly with your clients' files, you don’t need to use MAS, Accounts or AO Classic General Ledger.

Compatible Client Accounting modules

  • Workpapers
  • Assets Live
  • Statutory Reporter

    If you use BankLink Practice and you have a MAS ledger, you can now integrate with MYOB Ledger. See the MYOB BankLink Practice integration workflow (Australia only).

Compatible Client Accounting modules

  • Workpapers

Compatible Client Accounting modules

  • Workpapers
  • Assets Live
  • Statutory Reporter

Prerequisites
  • Active internet connection
  • MYOB Ledger access in AE or AO
  • Existing AE or AO client record
Prerequisites
  • Access to your general ledger
Prerequisites
  • Coming soon

Check out this intro video for more details.

 

Check out this intro video for more details.

 
Coming soon.

Pick a ledger workflow!

You don't need to stick to one workflow for all your your clients. You might need to use one workflow to meet the requirements of one client, and another workflow for a different client.

If your client uses... More info... We recommend you use...

MYOB AccountEdge

Mac-based accounting software

Third-party software

If your client doesn't use MYOB bookkeeping software.

Paper or non-electronic files

If your client doesn't use any bookkeeping software ("shoe-box" clients).

Reporting entities

If your client needs to produce financial reports.

Special reporting requirements

If your client has highly-customised or unique reporting requirements.

Consolidations

If your client needs financial statements for a parent company.

MYOB AccountRight

AccountRight version 2013.0 or later. If your client uses AccountRight, you can work directly over your client's live data using one common ledger.
However, if you prefer to work on your practice's copy of the ledger, you can use the MYOB Ledger or MAS, Accounts or AO Classic General Ledger options.

MYOB AccountRight  
Classic (v19.x)

AccountRight Classic (v19.x). If your client uses AccountRight Classic, you can work directly over your client's data using one common ledger.

However, if you prefer to work on your practice's copy of the ledger, you can use the MYOB Ledger or MAS, Accounts or AO Classic General Ledger options.

MYOB Essentials

For clients on MYOB Essentials, you can work directly over your client's live data using one common ledger.

However, if you prefer to work on your practice's copy of the ledger, you can use the MYOB Ledger or MAS, Accounts or AO Classic General Ledger options.