MYOB AccountRight Company Setup

MYOB AccountRight Bookkeeping- Company File Setup

Setting up your MYOB File incorrectly can result in a lot of wasted time and some steps can actually not be undone so could result in you having to start from scratch. When you open your MYOB AccountRight Software and select Create Company File, the Company File Assistant will guide you through the different stages of the setup. Here are some tips to make sure you execute the wizard correctly:

  1. Financial Year- if you have started a new entity and have transactions in the last Financial Year, ensure that you select the last Financial Year as your starting period or you won’t be able to enter the prior year transactions.

  2. Conversion Month- you won’t be able to enter any information prior to this month.

  3. Chart of Accounts- you can select a default Chart of Accounts provided by MYOB or import or create your own.

Once the Company File Assistant has been completed, you will then have to open your file and enter the opening balances, setup supplier and customer cards, setup employees and payroll and enter the initial Bank Reconciliation.

For more information please watch the following presentation:

Please watch the attached video for more detail and feel free to contact us for more information about our Bookkeeping Services.

Our Reader Score
[Total: 0 Average: 0]

Leave a Reply