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Align your balances

It's a good idea to check your client's opening balances to ensure they align with yours. Client Accounting gives you a few options:

MethodDescriptionBest if...

Compare account balances from your current general ledger with the balances in your client's MYOB AccountRight or Essentials common ledger. Fix any differences by posting to your client's ledger.

  • You used MAS, Accounts or AO Classic General Ledger to prepare end-of-year accounts in prior years.
  • You have balances to import from third-party software to compare with your client's balances.
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 and you don't have account balances to import for comparison.
  • Account balances have been maintained or there are few or minor adjustments to be made.

If your client's balances are aligned with yours, you can skip this step and go to Set up balance forward accounts.

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