Here is how to create a new company file. Open MYOB. This will open the MYOB Welcome window.
Click the CREATE tab, and the MYOB File Assistant window/wizard will open
The Introduction screen will first and will tell you that to create a company file, just tell MYOB about your company, answer a few questions about accounting year, choose accounting list.
You can click NEXT to continue or click on the grayed out options on the left (at any time you want to edit, just click the relevant tab):
Company Information
Accounting Information
Accounts List
Company File
Conclusion
Company Information: you must enter the MYOB serial number, Business Registration Number (required) and the rest like Company Name, GST Number, Phone Number, Fax Number, Email Address are optional.
Account Information:
Current Financial Year,
Last Month of Financial Year,
Conversion Month (beginning month of a Financial Year),
Number of Accounting Periods: 12 or 13. If you choose 13 Accounting Periods, MYOB will add an extra column for you to do adjustments, but the number of months remain 12 months.
Accounting List: You can Start with MYOB provided list, Import, Build Own List. Whichever selected, it is possible to add or delete later. Selecting MYOB List and Clicking NEXT will allow you to choose your Industrial Classification (Agriculture, Manufacturing, Retail, Service, Others, All).
Clicking any of the first 6 will reveal all the items preloaded by MYOB for that particular industry. If you select ALL, there will be a further drop down menu to select a long list of business ranging from Advertising Business to Wholesale Business.
To view the wholes list of businesses you can select for ALL to to
MYOB Accounting List Choices.
From Help
Company file setup
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Setting up MYOB accounting software mid-year
…balances will be reported at the date of your conversion month. Task 4 [Optional] - Assign opening balances to historical months If you need to obtain monthly Profit & Loss and Balance Sheet reports, rather…
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Glossary of accounting terms
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Setting up MYOB accounting software mid-year
…balances will be reported at the date of your conversion month. Task 4 [Optional] - Assign opening balances to historical months If you need to obtain monthly Profit & Loss and Balance Sheet reports, rather…
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Setting up MYOB accounting software mid-year
…balances will be reported at the date of your conversion month. Task 4 [Optional] - Assign opening balances to historical months If you need to obtain monthly Profit & Loss and Balance Sheet reports, rather…
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Receivables reconciliation out of balance
…Account Opening Balances you will see the following window. The amounts shown here relate to the conversion month or time at which you began using this particular company file to track your balances and transactions…
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Setting up MYOB accounting software mid-year
…balances will be reported at the date of your conversion month. Task 4 [Optional] - Assign opening balances to historical months If you need to obtain monthly Profit & Loss and Balance Sheet reports, rather…
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