Accounts
To add an account
The Accounts List window or the Accounts Easy Setup Assistant should be displayed.
If you use MYOB's Multicurrency feature and you're entering a foreign currency account, see To add a foreign currency account.
- Click New to open the Profile view of the Edit Accounts window.
- Mark the Header Account or Detail Account option. (Header and Detail accounts)
- Select the Account Type from the drop-down list.
- If you marked Header Account: Select one of the eight choices.
- Enter a number and name for the account.
Even if you've chosen to view your accounts by name, you must enter a number. (Account names and numbers)
- Enter the account's opening balance, if you haven't already entered the opening balance using the Easy Setup Assistant. (To enter detail accounts' opening balances)
- Click the Details tab to open the Details view. Enter a description of the account.
- Select the Classification for Statement of Cash flow which will be used for the Statement of Cash Flow reports. (Classification for Statement of Cash Flow)
This selection appears only if a detail account is displayed in this window.
- If you've selected Bank as the Account Type, click the Banking tab to open the Banking view. (To update your company's bank information) (Creating electronic payments transactions)
- Enter historical balances for a detail account; with this information you can compare the current month's account balances with the same month last year. (To enter detail accounts' historical balances)
- Click OK.
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