Producing Farm Trading Account reports in Client Accounting

This support note applies to:

• AE Statutory Reporter (NZ)
• Workpapers (NZ)

In MYOB Client Accounting 5.4.26, the farm trading account has the option to include additional farming income not included in your Livestock, Milk/Wool or Crop account and other expenses.

For Income accounts to appear in the Farm Trading Account reports, map the accounts to Profit or Loss statement > Sales and Income > Farm other revenue.

For Expense accounts to appear in the Farm Trading Account reports, map the accounts to Profit or Loss statement > Expenses > Farm working expenses.

To keep your trial balance neat, when you migrate an MYOB Accountants Enterprise (AE) MAS or Accountants Office (AO) General Ledger to AE/AO Ledger, you may notice that the farming accounts have been migrated as Other Income. Your reports will not be affected by this change.