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Differences in the MYOB and Xero chart of accounts
WebYou need to enable JavaScript to run this app. WebSUBSCRIBE TO OUR CHANNEL FOR MORE VIDEOS!Sub accounts in MYOB AdvancedIn this video I’ll give you a quick overview of sub-accounts in MYOB Advanced and how t... hawaii\\u0027s nickname crossword clue
MYOB Account classification & types
Web16 rows · Mar 15, 2024 · The accounts list groups accounts into eight classifications—Asset, Liability, Equity, Income, ... Before changing your GST settings in MYOB, there are a few things you'll need … Default wages expense account: This is the default account that’s used for Wages … Create a depreciation asset account. Go to the Accounting menu and choose Chart … select your GST settings, including the accounting method, reporting frequency … WebName (MYOB: Account name) Ensure your account names meet these criteria: The name is unique. The name uses letters, numbers or symbols, up to 150 characters. You can use symbols within the name, but not at the start. For bank accounts, the name has fewer than 30 characters so it fits on the Dashboard. Type (MYOB: Account type) WebJanuary. We started using MYOB Essentials about 3 months ago and created 3 bank accounts - Business, Savings, Petty Cash. We applied for linked account to Business only at the start of setup and entry of accounts. Whilst waiting for approval we commenced accounting within MYOB Essentials, including reconciling accounts to current end of period. bosley\u0027s burnside