Set up income allocation using the TASKS bar item in Client Accounting (first partner/individual)
Partner Name/Individual Name
Retained earnings acc no.
Retained earnings acc name
Current year earnings account acc no.
Current year earnings account acc name
Share of profit
Continue to add owners for all partners.
Use the income allocation to allocate the percentages required for each partner. During the migration process, the system will automatically create account type groups based on the partner names, and allocate the account type groups to the existing accounts.
Unfortunately, we won't be able to respond to your feedback. Please don’t enter any personal information—if you need urgent help, contact our support team instead.
Thanks for your feedback.
Thanks! Anything you'd like to add?
We’d love to know what worked so we can keep improving our help. Please don’t enter any personal information—if you need more help, get in touch with our support team.
Accountants and Partners
AE Assets Live (AU)
AE Assets Live (NZ)
AE Statutory Reporter (AU)
AE Statutory Reporter (NZ)
AE Workpapers (AU)
AO Assets Live (AU)
AO Assets Live (NZ)
AO Statutory Reporter (AU)
AO Workpapers (AU)
Copyright 2023 MYOB Technology Pty Ltd. All rights reserved. This help topic is provided as a guide only, in accordance with our Legal Disclaimer. For specific taxation or accounting advice, please consult the relevant tax authority or regulator.