Opening Balances
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You're not required to enter account balances before you start using MYOB Accounting Plus, but your financial records may not be completely accurate if you don't.

If you or your accountant has a trial balance report for the month prior to your conversion month (that is, the month you begin using Accounting Plus), the ending balance for each account for that month will be its opening balance in Accounting Plus.

The types of accounts that you'll enter opening balances for depend upon whether your conversion month is the first month of your financial year or whether it is another month of your financial year. Choose the information that is correct for your company file: