Creating accounts

Step 5: Link the account to a transaction type (optional; detail accounts only)

Step 1 > 2 > 3 > 4 > 5 > 6 > 7

If you haven’t already read the Accounts Overview, see Budgets for more information.

Warning: Be very careful with linked accounts!

 Your fiscal records rely greatly upon the balances of your linked accounts, since those accounts track the majority of your business activity. In most cases, the linked accounts that were set up for you when you created your data file will serve the needs of your business. Change your linked accounts only if you’re certain that the change is appropriate.

If you’re not sure whether you should change your linked accounts, we suggest you consult your accountant or a certified consultant. For more information about the MYOB Certified Consultant program see http:// www.myob.com/us/service/consultants .
  1. Choose Linked Accounts from the Setup menu, then choose the appropriate category (General Ledger, Receivables, Payables, Payroll) to which the transaction type belongs. The Linked Accounts window for that category will appear.

  2. Locate the transaction type in the window, and then enter the account number in the field next to the transaction type.

  3. Click OK.

Creating accounts - Step 5