Acct # and Name columns |
These columns display the numbers and names assigned to all accounts in your accounts list The capital accounts assigned to track your company's current-year and retained earnings aren't included in this list. These accounts' amounts are determined automatically by MYOB Accounting Plus as you enter transactions into the MYOB Accounting Plus system. |
Opening Balance column |
Use this column to enter the balance of each account in your accounts list as of the first day of your conversion month. If the first day of your conversion month is the first day of your financial year, you'll enter only your balance sheet account balances; profit and loss account balances at the beginning of a financial year start at zero. If the first day of your conversion month isn't the first day of your financial year, you'll enter both balance sheet and profit and loss balances. |
Amount left to be allocated |
This field displays the difference between the total balance of all your asset accounts and the total balances of all your capital and liability accounts. To ensure your business records are set up properly, the amount that appears in this field should be zero. If this amount isn't zero, however, that's okay; when you click the OK button, the difference will be assigned to your Historical Balancing account, which appears in the Nominal Ledger & Chequebook Linked Accounts window. |
OK button |
Click this button to accept the entries you've made in this window. |