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Creating an MYOB Ledger gives you somewhere to store your client's balances so you can do things like posting journals and creating reports.

You only need to create or migrate once per client. In future years, you just add a period for the client.

When setting up MYOB Ledger, you've got two options for creating the ledger.

Option 1:

Start fresh

Option 2:

Migrate your other ledger

Create a blank MYOB Ledger with no data to start fresh. Ideal if you have shoebox clients with no existing ledger software or clients who don't have any comparative balances to migrate.
You'll need to make sure any accounts to be balanced forward to a different account has been specified correctly. This will save you from having to manually post this journal next year.
If you've been using MAS, Accounts or AO Classic General Ledger, migrate your data to MYOB Ledger. MYOB Ledger is created as part of migration. 
Migrating brings across up to 4 years of prior balances so you can create reports comparing current and prior year performance.