Setting up a Trust ledger in AccountRight to report correctly in Statutory Reporter

This support note applies to:

• AO Statutory Reporter (AU)
• AE Statutory Reporter (AU)

In MYOB Accountants Enterprise (AE) or Accountants Office (AO) Statutory Reporter, you can generate reports for a Trust entity from the data contained in the underlying AccountRight or Essentials general ledger.

Our Client Accounting Learning Centre contains a guide on how to set up your trust ledger in AccountRight and Essentials for correct reporting in Statutory Reporter. This guide contains instructions on how to:

• Set up the chart of accounts in AccountRight or Essentials
• Distribute profit
• Report on beneficiary accounts.

Find out more on how to prepare your data on the Setting up Trusts and Partnerships in AccountRight/Essentials for reporting in Statutory Reporter.